The Delaware State Bar Association recently sponsored a seminar on recent updates in Delaware Corporate Law. Together with Kevin F. Brady and R. Donaldson Montgomery, I co-chaired a gathering of luminaries from the bench and bar who provided their insights on the latest Delaware developments in corporate and alternative entity law. In addition to a panel moderated by Kevin Brady that included Chancellor William Chandler as well as Ted Mirvis of Wachtell Lipton in New York who discussed the recent Airgas case along with Pam Tikellis and Don Wolfe, I moderated a separate panel that addressed ethical issues in connection with recent Delaware decisions involving class action settlements. My panel included Delaware Supreme Court Justice Henry duPont Ridgely and Kurt Heyman, a highly-regarded Delaware corporate litigator.
Kurt presented a PowerPoint that included a list of recent Delaware cases that addressed the factors the Court of Chancery will scrutinize when reviewing class action settlements and when selecting lead counsel in class actions. See Kurt’s PowerPoint on Class Action Settlements. A former associate and I prepared a PowerPoint for my panel that addressed the ethical considerations involved in class action settlements.