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Technology Stocks : Walt Disney

DIS 104.47

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Nov 28 9:30 AM EST

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To: Racso who wrote (1643)	5/19/1999 7:42:00 PM
From: Daniel Miller	Read Replies (1) of 2222

DJ Judge/Katzenberg -2: Claims Disney Owes Him $177 Mln NEW YORK (Dow Jones)--A judge has ruled in favor of Jeffrey Katzenberg in his $250 million lawsuit against the Walt Disney Co. (DIS), CNN reported Wednesday. The judge ruled the film executive did not forfeit his rights to bonuses by leaving the company in 1994, two years before the expiration of his six-year contract, the cable news network said. Katzenberg had sued Disney, saying claiming the company owes him at least $250 million in bonuses for work he did as head of its film division before he resigned. Disney claimed those bonuses were voided by Katzenberg's exit. The trial was arbitrated by retired Superior Court Judge Paul Breckenridge in the offices of Katzenberg's attorney, CNN reported. Katzenberg claims Disney owes him about $117 dollars, although that amount has yet to be determined by the judge. As reported, Disney and Katzenberg had reached a partial settlement, which was sealed by the court, but was reportedly $77 million. (END) DOW JONES NEWS 05-19-99 07:36 PM

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