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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