United States, Corporate/Company Law, Practical Steps for Directors to Consider After Disney - Goodwin Procter LLP - 04/10/2005, Banking and Financial, Corporate Finance, Securities, Labour and Employment, Contract of Employment, Employment Tribunals, Litigation and Arbitration, Class Actions

Originally published October 3, 2005

By Brian E. Pastuszenski, Ettore A. Santucci and Christine S. Chung

Overview

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....

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