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Pixar In Class Action Over "The Incredibles" DVD-Release

Law360 (October 24, 2005, 12:00 AM EDT) -- Computer-animated movie maker Pixar Studios has been accused in a class action lawsuit of promising unrealistic DVD sales, and allowing executives to reap more than $27 million in insider trading prior to announcing poor results for ‘The Incredibles’.

The suit was filed in the U.S. District Court for the Northern District of California, on behalf of investors in Pixar securities between January 18, 2005 and June 30, 2005. It further alleges Pixar flooded the market with DVDs to inflate sales of the DVD and using the...
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