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CASE CAPTION: Breakwater Partners LP v. John E. Bryson (and a group of directors and officers), Michael D. Eisner and The Walt Disney Co., L.A. Superior Court # BC310518. (This is the first numbered of a series of similar suits filed in L.A. Superior Court. All but the derivative suit are stockholder class actions.)
CAUSE OF ACTION: Breach of fiduciary duty.
COMPLAINT ALLEGATIONS: To entrench themselves at the company, Eisner and the members of the Disney board of directors failed to fairly consider a buyout bid from Comcast. The defendants failed to maximize the value of Disney common stock.
PLAINTIFFS' COUNSEL: In the above cited case, Michael D. Braun of Los Angeles' Stull, Stull & Brody (310-209-2468).
CASE CAPTION: Ralph Andrews v. dick clark productions Inc. and Mosaic Media Group Inc., L.A. Superior Court # BC311363.
CAUSE OF ACTION: Age discrimination.
COMPLAINT ALLEGATIONS: Andrews is a 76-year-old producer of successful game shows, including “You Don't Say.” In late 2001, he decided to return to the creative side of broadcasting, so he contacted Clark. This led to a series of meetings that led Andrews to believe the defendants were sincere about hiring him. After dick clark productions was sold to Mosaic, a Mosaic executive assured Andrews that opportunities would emerge and later invited Andrews to continue pursuing employment. But after being told there were no positions available, Andrews wrote Clark, who replied that the last people hired were ages 27 and 30 and that “people our age are considered dinosaurs.” “The letter devastated Mr. Andrews. It was an admission that the reason dick clark productions did not offer a position to Mr. Andrews was because of his age.”
PLAINTIFFS' COUNSEL: Roxanne Davis and Phillip R. Maltin of Santa Monica, CA's The Davis Maltin Law Firm (310-566-2088).
CASE CAPTION: Breakwater Partners LP v. John E. Bryson (and a group of directors and officers), Michael D. Eisner and
CAUSE OF ACTION: Breach of fiduciary duty.
COMPLAINT ALLEGATIONS: To entrench themselves at the company, Eisner and the members of the Disney board of directors failed to fairly consider a buyout bid from
PLAINTIFFS' COUNSEL: In the above cited case, Michael D. Braun of Los Angeles'
CASE CAPTION: Ralph Andrews v. dick clark productions Inc. and Mosaic Media Group Inc., L.A. Superior Court # BC311363.
CAUSE OF ACTION: Age discrimination.
COMPLAINT ALLEGATIONS: Andrews is a 76-year-old producer of successful game shows, including “You Don't Say.” In late 2001, he decided to return to the creative side of broadcasting, so he contacted Clark. This led to a series of meetings that led Andrews to believe the defendants were sincere about hiring him. After dick clark productions was sold to Mosaic, a Mosaic executive assured Andrews that opportunities would emerge and later invited Andrews to continue pursuing employment. But after being told there were no positions available, Andrews wrote Clark, who replied that the last people hired were ages 27 and 30 and that “people our age are considered dinosaurs.” “The letter devastated Mr. Andrews. It was an admission that the reason dick clark productions did not offer a position to Mr. Andrews was because of his age.”
PLAINTIFFS' COUNSEL: Roxanne Davis and Phillip R. Maltin of Santa Monica, CA's The Davis Maltin Law Firm (310-566-2088).
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