Legal Opinion
In Re the Walt Disney Co. Derivative Litigation
Court of Chancery of Delaware
Decided October 7, 1998No. Consolidated C.A. 15452PublishedCited by 73 opinions
1Opinion of the Court
OPINION
CHANDLER, Chancellor.
This case arises from a corporate board’s decision to approve a large severance package for its president. Certain shareholders of the corporation seek relief from the Court of Chancery because that board actually honored the corporation’s employment contract when the president left the company. The sheer magnitude of the severance package undoubtedly sparked this litigation, as well as the intense media coverage of the ensuing controversy over the board’s decision. Nevertheless, the issues presented by this litigation, while larger in scale, are not unfamiliar to…
2Cases cited33 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Aronson v. LewisSupreme Court of Delaware · 1984
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
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3Cited by73 opinions
- Brehm v. EisnerSupreme Court of Delaware · 2000
- In Re Walt Disney Co. Derivative LitigationSupreme Court of Delaware · 2006
- Orman v. CullmanCourt of Chancery of Delaware · 2002
- In Re Citigroup Inc. Shareholder Derivative LitigationCourt of Chancery of Delaware · 2009
- In Re Walt Disney Co. Derivative LitigationCourt of Chancery of Delaware · 2005
68 more not listed; retrieve them via the Exa API.