Court Upholds $319 Million Verdict Against Disney in 'Who Wants to Be a Millionaire' Case

Court Upholds $319 Million Verdict Against Disney in 'Millionaire' caseLOS ANGELES -- A federal appeals court on Monday upheld a $319 million verdict over profits from the game show "Who Wants to Be a Millionaire" and rejected Walt Disney Co.'s (DIS)request for a new trial.

A jury decided in 2010 that Disney hid the show's profits from its creators, London-based Celador International. The ruling Monday by a three-judge panel of the 9th U.S. Circuit Court of Appeals found no issues with the verdict or with a judge's rulings in the case.

"I am pleased that justice has been done," Celador Chairman Paul Smith said in a statement.

Disney did not immediately comment on the decision.

The ruling comes more than two years after the jury ruled in Celador's favor after a lengthy trial that featured testimony from several top Disney executives. The company sued in 2004, claiming Disney was using creative accounting to hide profits from the show, which first ran in the United States from August 1999 to May 2002 and was a huge hit for ABC.

The jury found that Celador was owed $269.2 million, and a judge later added $50 million in interest to the judgment.

The appeals court determined the verdict was not "grossly excessive or monstrous" and that it was not based on speculation or guesswork.


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carla0356

Is that why the show is off ABC, and on a syndicate? Makes sense now.

December 10 2012 at 9:02 PM Report abuse rate up rate down Reply
kmcc895370

Go ahead Disney, pass it along to the consumers. That's what everyone does isn't it?

December 05 2012 at 6:41 AM Report abuse rate up rate down Reply
marilynbibbee

I guess the price of a Day Pass will be going up again. Suckers will still go.

December 05 2012 at 1:50 AM Report abuse +1 rate up rate down Reply
1 reply to marilynbibbee's comment
leoganz

Don't go then dork...

December 05 2012 at 4:33 AM Report abuse rate up rate down Reply
Theresa

hopefully they'll kiss and make up

December 05 2012 at 12:44 AM Report abuse -1 rate up rate down Reply
Theresa

Now all you have to do is make a claim, cause you want to be in someone else business, and you sue, win and deplete their assets, get paid, etc. thats all the case seem to be about and disney looses because they don't want their info known. Unless he actually owed the other company some money but it doesn't say...noseyness is paying off.

December 05 2012 at 12:43 AM Report abuse rate up rate down Reply
1 reply to Theresa's comment
marilynbibbee

No Theresa, it's not about a lawsuit and how bad lawsuits are. This is about outright thieft by Disney against this company. They hide the profits from the company and kept the money for themselves and Mickey Mouse. GO READ THE ARTICLE AGAIN...DO DO!

December 05 2012 at 1:52 AM Report abuse +1 rate up rate down Reply
simplykaren311

Hey Happy Camper!!!!
YOU ARE A WORST KIND OF RACIST! LIBTURD!

December 04 2012 at 11:46 PM Report abuse +1 rate up rate down Reply
lczaha

Will we go over fiscal cliff? Who knows? We're in uncharted terrritory. Everyone said WWII was beccause WWI was left unfinished. Some foks set themselves as seers. All kinds of pledges are made just to find the morning sun was is harsh & perhaps we should nothaveonly time well tell.???????????????????? donated money to whatever cause & call to cancel. Too bad.

December 04 2012 at 11:36 PM Report abuse rate up rate down Reply
Vascopolis

Mickey's been poking Minnie...

December 04 2012 at 11:25 PM Report abuse rate up rate down Reply
1 reply to Vascopolis's comment
marilynbibbee

Minnie's hiding in the cookie jar.

December 05 2012 at 1:53 AM Report abuse rate up rate down Reply
vinnyt58

Cooked books? That sounds like every government budget and every union budget. It's ashame how just a few corporate thieves can tarnish the image of a great company. Why not make the actual thieves pay the fine instead of a company who employs thousands and made millions happy. The way to punish corporate crime is to punish the people who actually committed the crime, not the shareholders or customers. Then we can arrest to government officals who are bankrupting America.

December 04 2012 at 11:06 PM Report abuse rate up rate down Reply
1 reply to vinnyt58's comment
Joesph

but wouldn't the shareholders benefit from the "creative accounting" I'm not 100% sure how owning stock works but don't they share in the profits?

December 05 2012 at 12:29 AM Report abuse +1 rate up rate down Reply
HappyCamper

The people of the Jewish faith in the US and outside (Israel and the world) are some of the most RUTHLESS people on earth. Yes, they are! They are money hungry mongers - racial separatists - always making excuses as to why thy cannot be inclusive and share the wealth among people in this country that help them to make as much money as they do. GREED! The GREEDY Jewish community is at the Epic Center of all that is wrong FINANCIALLY in this country. To some degree I now understand why there was a Holocaust!

December 04 2012 at 10:56 PM Report abuse -8 rate up rate down Reply
4 replies to HappyCamper's comment