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Delaware’s Supreme Court Affirms that the Defendants Did Not Breach Their Fiduciary Duties in the Hiring and Firing of Michael Ovitz

In In re The Walt Disney Company Derivative Litigation , No. 411, 2005 (Del. June 8, 2006), the Delaware Supreme Court ( en banc ) affirmed the Court of Chancery’s decision, issued following a 37 day, highly-publicized trial, that the directors of The Walt Disney Company (the “Company” or “Disney”) did not breach their fiduciary duties in connection with the hiring,... Continue Reading

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