Sales of Bud Light have plummeted in the wake of conservative uproar and a boycott over the partnership with transgender influencer Dylan Mulvaney.
"It appears to me that AB InBev may have breached legal duties owed to its shareholders, and that a shareholder action may be both appropriate and necessary," DeSantis wrote in a letter tweeted Friday.Shares of AB InBev are down about 2% this year, while the broader market is up. InBev did not immediately respond to a request for comment on DeSantis' letter.
DeSantis suggested that the probe could prompt a lawsuit on behalf of the shareholders of Florida's pension funds. "At the end of the day, there's got to be penalties when you put business aside to focus on your social agenda at the expense of hardworking people," he said in a Fox News interview Thursday night.
The move against Bud Light marks the latest instance of DeSantis jumping into a controversy over a hot-button social issue and flexing his political powers., one of his state's top employers, for more than a year after the company criticized Florida's controversial bill limiting classroom discussion of gender identity. Disney filed a federal lawsuit accusing DeSantis and his allies of political retaliation stemming from the clash over the classroom bill.
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