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In re Walt Disney Co. Derivative Litigation (Brehm v. Eisner)
Citation:906 A.2d 27 (2006)
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- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
The Disney compensation committee met twice. The minutes of the first meeting reflect that the committee approved the terms of the OEA. The parties disagree over whether the compensation committee members knew, at the time they approved the OEA, that the value of the option component of the severance package could reach the $92 million order of magnitude if they terminated Ovitz without cause after one year. The record shows that the committee members were so informed. The compensation committee members derived their information about the potential magnitude of an NFT payout from two sources. Appellants contend that the committee members breached duty of care.
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