Disney stock

[DVC-Landbaron]

Hey manning!!

You can say that again!!

 

[King Triton]

Disney stock will go great. I just bought more Disney stock today.

King Triton

 

[Pixie_Dust]

Originally posted by Bstanley
Will the Pooh lawsuit explode in Disney's face?

What is the Pooh lawsuit?

Cheers

 

[js]

manning, no the kids didn't need the money right away but it will do much better in the fund than it will with Disney.
Oh well, good luck to all

 

[Walt's Frozen Head]

Pixie_Dust...

Long story short, the Schlesingers (the family from whom Disney licenses the rights to use Pooh) feel that Disney has been purposely and chronically underpaying them for years. The courts have already agreed to a certain extent, and there was work being done to determine the amount Disney owed. While attempting to sort this out, Disney has been caught (more than once) shredding documents that the court had requested.

Because of some of the intricacies of California law, it appears that revoking the license _is_ a possible remedy in this case.

So there's no doubt that Disney owes the Schlesingers some amount of money (I think there have been partial payments on that amount), and no doubt that they've honked off the legal powers-that-be. This _will_ cost Disney a chunk of change, and could yet cost them the Pooh license.

-WFH