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MORALES v. WALT DISNEY PRODUCTIONS

No. 73 Civ. 1267.

361 F.Supp. 1157 (1973)

Richard MORALES, Plaintiff, v. WALT DISNEY PRODUCTIONS and William H. Anderson, Defendants.

United States District Court, S. D. New York.

July 5, 1973.

Attorney(s) appearing for the Case

David Lopez, New York City, for plaintiff.

Donovan, Leisure, Newton & Irvine, New York City, for defendants; Roger W. Kapp, New York City, E. Maureen Olson, New York City, of counsel.

MEMORANDUM

BONSAL, District Judge.

William H. Anderson ("Anderson"), a director and officer of Walt Disney Productions ("WDP"), was granted an option on August 1, 1967 to purchase 3,500 shares of WDP common stock pursuant to the WDP Qualified Stock Option Plan. On December 31, 1970, Anderson exercised his option to the extent of 1,000 shares. Thereafter, WDP common stock was split two-for-one by means of a 100...

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