The LAT reports that a trial date has been set in the Disney investors' lawsuit that claims the company's directors are responsible for former President/spectacular Disney failure Michael Ovitz's $140 million severance package.

Here's an amusingly outdated excerpt from an entry on Ovitz from The Museum of Broadcast Communications:

(We promise to do one of these for Eisner in ten years. We're sure it won't mention the coming gun battle, high-speed chase, and self-immolation.)

In 1995 Ovitz rattled the power structure of Hollywood when he agreed to sell his stake in CAA in order to become president of the expanding Walt Disney Company. Working with Disney chairman Michael Eisner, Ovitz is expected to oversee Disney's film studio, television production company, theme parks and resorts, and Disney's 1995 $19 billion acquisition, Capital Cities/ABC. His skill as a talent agent is expected to improve Disney's relations with top Hollywood talent, as well as help Disney integrate its products throughout Disney's diverse media holdings, which include film, animation, television programming, publishing, cable television, and the national broadcast network, ABC.