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Disney shareholders appeal ruling on Ovitz severance Chris Buell at 8:09 AM ET [JURIST] Walt Disney [corporate website] shareholders have appealed a ruling by a Delaware court that the company's directors were not liable [JURIST report] for approving a $130 million severance package for former President Michael Ovitz [Wikipedia backgrounder]. The appeal sought to have the ruling overturned on procedural and evidentiary grounds. Ovitz served as president of the company for 14 months before leaving in 1996. Reuters has more. Link | 
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