Walt Disney Co. (DIS)’s ABC network and Buena Vista Television units will ask a federal appeals court to overturn a $319 million judgment won two years ago by the U.K. creators of “Who Wants to Be a Millionaire.”
Lawyers for ABC and Buena Vista are scheduled to argue their case today before a three-judge panel of the U.S. Court of Appeals meeting in Pasadena, California. The Disney units claim the judge who oversaw the trial allowed the jury to adopt a flawed reading of the contract with Celador International Ltd., entitling the creators to a share of ABC’s profits.
A jury in Riverside, California, in July 2010 agreed that the Disney units breached the contract and awarded Celador $269 million in damages, to which U.S. District Judge Virginia A. Phillips added $50 million in pre-judgment interest.
Read More: http://www.bloomberg.com/news/2012-10-10/disney-seeks-reversal-of-319-million-millionaire-loss.html?cmpid=yhoo
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.