News just out - suit filed by Disney and Gold re:election of directors and disclosure

[scaeagles]

Merged the two threads -GD

http://news.yahoo.com/s/ap/20050509/...it_1&printer=1

News just out - Roy Disney and Stanley Gold have filed suit to void election of directors and require additional disclosure.

"Two key dissidents of The Walt Disney Co. on Monday sued the company, alleging members of its board of directors made false statements to shareholders about the search for a successor to CEO Michael Eisner.

In the lawsuit, filed in Delaware Chancery court, Roy E. Disney and Stanley Gold are asking the court to void the election of the Disney directors, force another election and disclose all of the details of how they selected a new chief executive.

Among the defendants named in the suit are Eisner, Chairman George Mitchell and Disney President Robert Iger — who was named in March to succeed Eisner as chief executive."