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Date: 02/19/2013
Event: "Docket Dividends: Growth in Shareholder Litigation Leads to Refinements in Chancery Procedures" with The Honorable Donald F. Parsons, Court of Chancery of Delaware State Court
Location: 1008 (10th Floor)
Time: 12:00 PM

Speakers:
Donald F. Parsons, Jr., became a Vice Chancellor of the Court of Chancery of the State of Delaware on October 22, 2003. He is a 1977 graduate of the Georgetown University Law Center and also received a B.S. degree in electrical engineering from Lehigh University.


Description:

The Delaware Court of Chancery is considered by many to be the United States’ premier business court. As a result, the Court of Chancery’s docket tends to reflect the latest developments in the law of business organizations and, especially, the mergers & acquisitions (or M&A) marketplace.

One important recent trend is the growth in shareholder representative litigation (i.e., class actions and derivative suits). Currently, over 90% of M&A deals over $100 million are challenged by shareholders. Vice Chancellor Parsons will discuss how this growth has resulted in new case law refining Chancery procedures relating to the handling of shareholder representative litigation.