Shareholder Lawsuit Over Ovitz Hiring, and Firing, Airs Disney's Dirty Laundry

As The Walt Disney Co. plans for a future without its iconic leader Michael Eisner, a lawsuit filed by disgruntled shareholders is forcing the company to relive one of the most embarrassing and costly mistakes of the Eisner era, hiring Hollywood superagent Michael Ovitz as president.

The suit, filed in 1997 and about to go to trial, promises to pit some of Hollywood's biggest egos, including those of Eisner and Ovitz, against one another. It is also expected to reveal some of the less-than-savory dealings at Disney during one of the company's most difficult periods.

Details here from the AP via