Michael Eisner and Michael Ovitz are both gone from Walt Disney Co., and now so is the litigation their toxic interaction sparked.
The Delaware Supreme Court on Thursday dismissed a case brought by Disney shareholders who claimed that the company’s board violated its fiduciary duties with its poor oversight of Eisner’s 1995 hiring of Ovitz as Disney’s president and his firing the next year. The decision upheld a ruling last year by Delaware Chancellor William B. Chandler III following a high-profile 37-day trial.
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