https://www.cbsnews.com/losangeles/news/disney-employees-sue-after-selling-la-homes-for-scrapped-florida-jobs/
Two Walt Disney Company employees who sold their homes in Southern California and relocated across the country when the company announced it was moving many jobs to a planned new campus in Florida -- only to scrap those plans two years later -- are suing the global entertainment conglomerate.
In a proposed class-action lawsuit submitted Tuesday in Los Angeles Superior Court -- but still pending filing -- Maria De La Cruz and George Fong contend they were told in 2021 that their jobs with Disney in Glendale were being moved to Florida. The employees both sold their California houses and bought new homes in Florida.
The lawsuit filed Tuesday says that the plaintiffs and other workers were left uncertain about the future of their jobs, adding they "began to have concerns that their job security at Disney would be threatened if they did not return to California to work in Disney's California offices."
The suit also noted that housing prices in the Florida area of the planned company development "dropped significantly."
"Meanwhile, home prices in the Los Angeles, California area had increased significantly between the summer of 2022 and the summer of 2023," the lawsuit states. "Mortgage rates had also increased significantly, making it impossible for plaintiffs and other similarly situated individuals to obtain housing comparable to the homes they had sold in connection with the transfer of their roles to (Florida)."