Tough to see where this one goes. WSJ.com - Disney Dissidents Sue Over Search For a New CEO.
In the lawsuit, filed in Delaware Chancery Court, Messrs. Disney and Gold are suing the Burbank, Calif., entertainment company to void the last board election, claiming that the board misled investors during the search in an effort to ensure the re-election of the incumbent board and thus shepherd the name of Mr. Eisner's hand-picked successor, Mr. Iger. Defendants in the lawsuit are Disney itself; Mr. Eisner, Mr. Iger and Chairman George Mitchell; and five other board members -- Judith Estrin, John Chen, Aylwin Lewis, Monica Lozano and Leo O'Donovan. They are accused of fraud and breach of the duty of disclosure.
