Disney lawsuit lifts curtain on real-life Hollywood drama
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LOS ANGELES - This week CEO Michael Eisner tells a court his version of how Walt Disney Co. paid a severance package of $140 million - yes, that&#39;s for not working - to a former close friend after only 14 months at work.
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The board of directors at The Walt Disney Co. (nyse: DIS - news - people ) went to a less-than-magic kingdom on Wednesday, as a shareholder suit began.
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America is riveted by the story emerging in court of how former Disney president Michael Ovitz, now being sued over his Â£74 million pay-off, shocked even Hollywood with his grandiose behaviour.
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GEORGETOWN, Del.  - Walt Disney Co.'s  multimillion-dollar contract with Michael Ovitz was  unreasonable and one of the most generous ever, a compensation  expert testified on Monday for shareholders suing the board to  recoup as much as $200 million.
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The Walt Disney Co. is suing the city of Anaheim over a controversial residential project that would add low-cost housing in the city's resort district.
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It&#39;s only right, one must suppose, that a top entertainment company like Disney should produce drama. The difficulty is that much of Disney&#39;s best drama these days happens in court or shareholders&#39; meetings or the boardroom.
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Michael Ovitz said he fought and begged to stay on at Walt Disney Co. until his good friend and boss Michael Eisner pushed him out, the former Disney president, now at the center of a shareholder lawsuit, testified on Wednesday.
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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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GEORGETOWN - Walt Disney company officials will appear in the Court of Chancery in Georgetown starting Wednesday. Shareholders are suing Disney and former president Michael Ovitz.
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A lengthy legal battle over pictures from the wedding of Michael Douglas and Catherine Zeta-Jones ended on Thursday, and a 2007 ruling is expected to help define how far stars can control their image and privacy.
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The major Hollywood movie studios today sued hundreds of people suspected of trading illegally copied movies on the Internet, a move closely modeled on the recording industry&#39;s aggressive legal campaign to stamp out music piracy.
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Media executives in Hollywood and on Wall Street are nervously watching a court case involving Walt Disney that will test whether directors can be held responsible
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Producer Saul Zaentz on  Thursday filed a $20 million lawsuit against Walt Disney Co.  and its Miramax Films unit, accusing them of failing to share  profits from his 1996 best picture Oscar winner "The English  Patient."
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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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LOS ANGELES -- The Walt Disney Co. settled a case Monday in which securities regulators alleged the firm failed to disclose that it employed relatives of board members and failed to disclose certain perks to a director.
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Remember John Edwardsâ âTwo Americasâ campaign theme? It occurred to me how well that theme fits the corporate world. For proof, look no further than the stockholder lawsuit against Walt Disney Co.
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GEORGETOWN, Del. -- Lawyers Friday challenged an account of allegedly excessive spending by former Walt Disney Co. president Michael Ovitz on dinners, magazines, a home screening room and a $2 million office renovation.