Court tosses suit against Disney - Reuters, 9/8/03

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Court tosses suit against Disney - Reuters, 9/8/03

QuikQuote: A federal judge Monday dismissed a shareholder lawsuit against Walt Disney Co. that claimed the company defrauded investors by covering up the potential damages at stake in a separate legal dispute over Winnie the Pooh merchandise.
Shareholders seeking class-action status had said that Disney failed until May 2002 to disclose in regulatory filings that hundreds of millions of dollars or more could be at stake in a lawsuit by Stephen Slesinger Inc., which holds U.S. merchandising rights to the honey-loving bear and accuses Disney of short-changing it on royalties.