On August 9, 2005, after a 37-day trial, the Delaware Chancery Court issued an important decision in the eight-year-old shareholder derivative lawsuit against the board of directors of The Walt Disney Company. That lawsuit had challenged Disney’s hiring and later no-fault termination of one-time Hollywood power broker Michael Ovitz. The principal take-aways from this decision include the following:
See full Article as well as Goodwin Proctor Report, in pdf format.
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