News & Features » News

Judgment day


A judge in Wilmington, Del., tossed out a lawsuit filed by Disney shareholders in the wake of the $130 million-plus settlement with former second banana Mike Ovitz. The shareholders claimed that Disney CEO Michael Eisner cut the deal to avoid embarrassment and that the board of directors went along because it is riddled with conflicts of interest.

The judge rejected the claim last month, saying, "I simply do not agree with shareholders' characterization of the agreement ... as so one-sided that no businessperson of sound judgment could conclude that Disney received adequate consideration." Plaintiff's lawyer Steven Schulman promised an appeal but so far has not filed.

We welcome readers to submit letters regarding articles and content in Orlando Weekly. Letters should be a minimum of 150 words, refer to content that has appeared on Orlando Weekly, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at

Orlando Weekly works for you, and your support is essential.

Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of Central Florida.

Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.

Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep Orlando’s true free press free.