Disney Trial Draws to End, Closing Ugly Chapter
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A shareholder lawsuit over the &#36;140 million severance the Walt Disney Co. paid Michael Ovitz neared its close on Friday, after months of testimony about one of the ugliest chapters in Disney's history.
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Walt Disney Co. shareholders are to finally get their day in court, seven years after suing the company for allegedly wasting corporate assets by buying out the contract of former president Michael Ovitz for 140 million dollars.
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The rape case against Kobe Bryant finally fell to pieces shortly after 11 am Wednesday, when his accuser called District Attorney Mark Hurlbert to say she&#39;d had enough and would no longer co-operate.
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Walt Disney&#39;s board of directors went on trial this week on shareholder accusations that it merely rubber-stamped a decision to hire Michael Ovitz and allowed him to walk away
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A sex discrimination tribunal involving a member of Prince Charles&#39; former staff is expected to finish later. Former personal assistant Elaine Day claims she had to leave her job because of sexual harassment by a senior member of staff.
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A six-month lull in corporate fraud trials ends soon. Ex-Tyco, WorldCom, HealthSouth execs on deck. By Krysten Crawford, CNN/Money staff writer.
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One of London&#039;s most famous courts heard its last case Friday, bringing an end to 270 years of dispensing justice. The last day at Bow Street Magistrates Court was a typical mix, including a terrorist case, and ending with a petty offender being placed on probation for a month.
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Just when it appeared Michael D. Eisner, the chief of the Disney, could begin enjoying his final years in charge, a lawsuit threatens to dredge up embarrassing details of his two-decade reign.
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Directors of the Walt Disney Company went on trial Wednesday on shareholder accusations that they rubber-stamped a decision by the chief executive, Michael D. Eisner
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Walt Disney Co. should have fired Michael Ovitz rather than paying him &#36;140 million in severance, a legal expert testified on Thursday in support of shareholders suing the Disney board.
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A lawyer for Michael S. Ovitz, the former president of the Walt Disney Company, argued Wednesday that his client should be excused as a defendant in a lawsuit
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GEORGETOWN, Del.  - Walt Disney Co.'s board of  directors went on trial on Wednesday, accused by shareholders  of rubberstamping a decision to hire Michael Ovitz and allowing  him to walk away months later with a $140 million severance  package.
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The lawsuit shareholders have brought against Disney has come to resemble a Hollywood potboiler of betrayed friendships, secret meetings and wounded egos. During five days of testimony, Disney chief executive Michael Eisner delivered a forceful and often bittersweet account of the 14-month tenure of agent-to-the-stars Michael Ovitz as Disney's president.
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Testimony in the Phil Spector murder trial drew to a close here Monday as a senior member of the music producer&#39;s defense team resigned, citing a difference of opinion with the rock legend.
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GEORGETOWN, Del., Oct. 28 -- Plaintiffs in a shareholder lawsuit over former Walt Disney Co. president Michael Ovitz's $140 million severance package attempted Thursday to portray Ovitz as a dishonest bumbler who botched the hiring of a major television executive and pushed the release of a movie that angered the Chinese government, damaging Disney's business prospects in the country.
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Embattled Disney chief Michael Eisner is finally saying goodbye to Mickey Mouse and the Magic Kingdom. The media mogul, who over two decades revitalized a sleepy Disney but saw it falter
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THERE was room for only 50 people in the tiny Georgetown, Delaware, courtroom last week to hear Walt Disneyâs former president describe bitterly how his 14-month tenure ended.