Jury awards AllPro founders $240 mil
HOLLYWOOD — The Disney Co. has settled a suit for an undisclosed amount with two Florida businessmen over the theft of their idea for its Wide World of Sports Complex at Walt Disney World.
A jury awarded the men $240 million in August 2000, and the case was on appeal at the time it was settled.
Plaintiffs Nicholas Stracick and Edward Russell, founders of company AllPro, claimed they pitched the idea for a sports complex to Disney that the latter rejected in 1989. Four years later, Disney announced it would build at Walt Disney World the Wide World of Sports Complex, which opened in 1997.
AllPro sued Disney for misappropriation of ideas, and a Florida jury returned a verdict of $240 million. Disney subsequently appealed.
A Disney spokesman declined to comment on the settlement, citing a confidentiality agreement.