Disney loses $319 million appeal in 'Millionaire' game show lawsuit
Disney loses $319 million appeal in lawsuit over profits from the popular 'Who Wants to be a Millionaire' TV series. A jury decided in 2010 that Disney hid profits from the show's creator; Disney loses the $319 million appeal two years later.
In this 2008 photo provided by Disney-ABC Domestic Television, Lyndsay Baldwin from Cos Cob, CT feels the pressure as the clock winds down to just one second on her "Millionaire" question in New York. Disney loses a $319 million appeal of a 2010 verdict awarded to a British company that claimed Walt Disney Co. engaged in creative accounting to hide profits from the popular game show, "Who Wants to Be a Millionaire."
Disney-ABC Domestic Television/AP/File
Los Angeles
A federal appeals court on Monday upheld a $319 million verdict over profits from the game show "WhoWants to Be a Millionaire" and rejected Walt Disney Co.'s 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.