Full case includes Shepard's, Headnotes, Legal Analytics from Lex Machina, and more.
906 A.2d 27 *; 2006 Del. LEXIS 307 **; 37 Employee Benefits Cas. (BNA) 2756
IN RE THE WALT DISNEY COMPANY DERIVATIVE LITIGATION, WILLIAM BREHM and GERALDINE BREHM, as Trustees and Custodians; MICHAEL GRENING; RICHARD KAPLAN and DAVID KAPLAN, as Trustees; THOMAS M. MALLOY; RICHARD J. KAGER and CAROL R. KAGER, as Joint Tenants; MICHAEL CAESAR, as Trustee for Howard Gunty, Inc. Profit Sharing Plan; ROBERT S. GOLDBERG, I.R.A.; MICHAEL SHORE; MICHELE DeBENDICTIS; PETER LAWRENCE, I.R.A.; MELVIN ZUPNICK; JUDITH B. WOHL, I.R.A.; JAMES C. HAYS; and BARNETT STEPAK, Plaintiffs Below, Appellants, v. MICHAEL D. EISNER, MICHAEL S. OVITZ, STEPHEN F. BOLLENBACH, SANFORD M. LITVACK, IRWIN RUSSELL, ROY E. DISNEY, STANLEY P. GOLD, RICHARD A. NUNIS, SIDNEY POITIER, ROBERT A.M. STERN, E. CARDON WALKER, RAYMOND L. WATSON, GARY L. WILSON, REVETA F. BOWERS, IGNACIO E. LOZANO JR., GEORGE J. MITCHELL, LEO J. O'DONOVAN, THOMAS S. MURPHY and THE WALT DISNEY COMPANY, Defendants Below, Appellees.
Prior History: [**1] Court Below: Court of Chancery of the State of Delaware, in and for New Castle County. C.A. No. 15452.
In re Walt Disney Co. Derivative Litig., 907 A.2d 693, 2005 Del. Ch. LEXIS 113 (Del. Ch., Aug. 9, 2005)
termination, good faith, Post-trial, fiduciary duty, appellants', options, bad faith, fiduciary, gross negligence, negotiations, terms, due care, committee member, approve, payout, breached, duty of care, spreadsheets, business judgment, provisions, electing, appellant's claim, without cause, duty to act, presumptions, decisions, business judgment rule, board of directors, credibility, reasons
Civil Procedure, Appeals, Summary Judgment Review, Standards of Review, Reviewability of Lower Court Decisions, Preservation for Review, Business & Corporate Law, Directors & Officers, Terms in Office, General Overview, Authority to Act, Apparent Authority, Reliance, Standards of Review, De Novo Review, Evidence, Testimony, Credibility of Witnesses, Management Duties & Liabilities, Fiduciary Duties, Types of Evidence, Business Judgment Rule, Burdens of Proof, Burden Shifting, Duty of Care, Duty of Loyalty, Inferences & Presumptions, Presumptions, Rebuttal of Presumptions, Duty of Good Faith, Compensation, Scope of Authority, Causes of Action, Negligent Acts of Directors & Officers, Remedies, Damages, Monetary Damages, Corporations, Articles of Incorporation & Bylaws, Settlements, Indemnification & Reimbursement, Defenses, Interpretation of Articles of Incorporation, Interpretations of Bylaws, Contracts Law, Contract Interpretation, Ambiguities & Contra Proferentem, Documentary Evidence, Parol Evidence, Expert Witnesses, Allocation, Presumptions, Standards of Performance