The Delaware Court of Chancery’s Chancellor William B. Chandler III was interviewed on the NACD’s Directorship site here. For anyone interested in gaining insights into the Court’s top judicial officer as well as internal aspects of the Court itself, this interview is must reading. The Chancellor’s comments include an indication that not all important Chancery cases involve disputes among Fortune 100 companies. Among my favorite excerpts is the reference to cases that involve "smaller companies", in response to a question about which cases the Chancellor regards as defining his legacy. His Honor replied, in part, as follows:
Whether it’s Disney or the dissolution of a failed start-up company–all of my cases are equally important. Some of the smaller disputes involving micro-cap companies frequently generate some of the most important principles and ideas in our jurisprudence.