Los Angeles Business Journal

Monday’s L.A. News Roundup

Monday, August 13, 2012

DISNEY SUED: The American Civil Liberties Union on Monday filed a federal discrimination lawsuit against Walt Disney Co., alleging that a female Muslim employee was harassed and removed from her job after a dispute over her head scarf. Imane Boudlal, a 28-year-old former hostess at Disneyland’s Storytellers Café in Anaheim, contends that she was not allowed to wear her “hijab” at work two years ago unless she took a so-called “backstage” position. She also said she was called demeaning names by co-workers, and no action was taken by the Burbank company when she complained. A Disney spokesperson told the New York Times that its theme parks have a long history of accommodating religious requests from cast members of all faiths. The lawsuit was filed in U.S. District Court in Los Angeles.

FUND RAISE: Arrowhead Research Corp. on Monday said it entered into a securities purchase agreement with institutional and individual investors to raise gross proceeds of about $6.2 million. Participants include several existing investors of the Pasadena biotech plus a new fund dedicated to health care investments. The placement included 2.3 million shares of common stock and warrants to purchase an additional 1.7 million shares. The warrants have an exercise price of $3.25 with a term of four years from the date of issuance. Shares closed down 46 cents, or 14 percent, to $2.79 on the Nasdaq.