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TOWERS v. IGER

No. 17-15770.

912 F.3d 523 (2018)

Eugene F. TOWERS, Derivatively on Behalf of The Walt Disney Company, Plaintiff-Appellant, v. Robert A. IGER; Alan Bergman; Edwin Catmull; James A. Rasulo; Thomas O. Staggs; Susan E. Arnold; John S. Chen; Jack Dorsey; Fred H. Langhammer; Aylwin B. Lewis; Monica C. Lozano; Robert W. Matschullat; Sheryl Sandberg; Orin C. Smith; Richard W. Cook; The Walt Disney Company, a Delaware corporation, Nominal Defendant, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed December 26, 2018.

Attorney(s) appearing for the Case

Steven M. McKany (argued), Gina Stassi, Kevin A. Seely, and Brian J. Robbins, Robbins Arroyo LLP, San Diego, California, for Plaintiff-Appellant.

Allen J. Ruby (argued), Richard S. Horvath Jr., and Jack P. DiCanio, Skadden Arps Slate Meagher & Flom LLP, Palo Alto, California; Cliff C. Gardner, Skadden Arps Slate Meagher & Flom LLP, Wilmington, Delaware; for Defendants-Appellees.

Before: SIDNEY R. THOMAS, Chief Judge, MILAN D. SMITH, JR., Circuit Judge, and ELAINE E. BUCKLO, District Judge.

OPINION

Plaintiff-Appellant Eugene F. Towers (Plaintiff) brought a shareholder derivative action on behalf of The Walt Disney Company (Disney), alleging that its board of directors and several corporate officers participated in a conspiracy to enact illegal anticompetitive agreements between Disney and other animation...

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