The Delaware Supreme Court today affirmed the Chancery Court decision in the Disney case. Here is a link to download the 91-page decision in the unanimously affirmed case styled: In Re: The Walt Disney Company Derivative Litigation. A tidal wave of insightful commentary is expected to come soon via the blogs of corporate scholars such as Professors Larry Ribstein; Gordon Smith and Steve Bainbridge. Here is the initial “teaser” post by Prof. Bainbridge:
ProfessorBainbridge.com: Disney Affirmed. One of the great things about blogs of corporate law professors is that we will now get expert analysis on a seminal, benchmark decision like Disney in a matter of hours and days from the time the decision is made public, instead of waiting weeks and months until the trade journals and law reviews of yesteryear circulated their articles.