Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Walt Disney -- Ignore unavailable to you. Want to Upgrade?

To: Raptech who wrote (1707)	7/7/1999 9:45:00 AM
From: KS	Respond to of 2222

July 07, 1999 09:27 Disney, Katzenberg Settle Suit BURBANK, Calif.--(ENTERTAINMENT WIRE)--July 7, 1999--Jeffrey Katzenberg and The Walt Disney Company announced today that they have agreed to a settlement of the lawsuit filed by Mr. Katzenberg in 1996. The terms of the settlement are confidential and were not disclosed. However, both Katzenberg and Michael Eisner, Disney's chairman and chief executive officer, said that they are satisfied with the conclusion of the case. Katzenberg commented, "I'm very pleased that we were able to finally resolve this matter, and I'd like to thank Bert Fields, Brian Edwards, Bonnie Eskenazi, Helene Hahn and Dick Zimbert for their extraordinary work over these many years." Michael Eisner said, "I am glad that we were able to come to an acceptable settlement. I want to express the company's appreciation to our outstanding legal team, which did such a great job in handling the matter and enabling us to reach this agreement. However, the time has come to put this matter behind us and to focus on our new business initiatives." CONTACT: The Walt Disney Co. John Dreyer, 818/560-5300