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The Walt Disney Company (NYSE:DIS) Former Employee Files Lawsuit In California Over Overtime

  • If you are a California based former employee of The Walt Disney Company (NYSE:DIS), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
The Walt Disney Company
Security
NYSE: DIS

Case Name
Walt Disney Company Employee Lawsuit 11/09/2012
Type of Lawsuit
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Summary

Nov. 9, 2012 (Shareholders Foundation) -- A California-based former employee of The Walt Disney Company (NYSE:DIS) filed a lawsuit in California State Court against The Walt Disney Company over alleged violations of California labor codes.
According to the complaint the plaintiff alleges that the defendants violated California labor codes as they allegedly failed to pay for overtime and business expenses.

The Walt Disney Company reported that its Total Revenue rose from over $36.14 billion for the 12 months period that ended on October 3, 2009 to over $42.27 billion for the 12 months period that ended on September 29, 2012, and that its Net Income over the respective time periods increased from over $3.3 billion to over $5.68 billion.

Shares of The Walt Disney Company (NYSE:DIS) grew from as low as $15.83 per share in March 2009 to as high as $52.97 per share in October 2012.