Leo Strine

Leo Strine: Corporate Accountability Forums 3/14/22

Leo Strine (Leo E. Strine, Jr.) is one of history’s most prolific legal scholars, especially on issues of corporate accountability. I have seen and heard him in many venues. Much like a rock star, he often comes out, blows our minds, and quickly exits the stage. On Monday (3/14/22), he will be our guest on Corporate Accountability Forums for an hour of interactive conversation beginning at 2 pm Eastern time. You can still register, just click on March 14. Most people are at work and some unfortunates in our field do not realize who Leo Strine is or how influential he has been and continues to be. Use that to your advantage. Be one of the very few to attend the Forum live, so you can ask this brilliant man for his learned opinion on your issues of concern. Register

If you miss the Forum, you will still be able to view our discussion on YouTube or listen to it as a podcast. However, that will involve a considerable delay and you certainly will not get to ask your unique questions.

Leo Strine: Court of Chancery of the State of Delaware

A Short History of the Court of Chancery, marking its 200th anniversary, was written five years before Leo Strine was appointed to that body. Just skimming that history, these lines stood out as possibly contributing to Leo Strine’s thinking.

… the Court’s decisions largely turned on application of an ancient trust concept of fiduciary duty. Unlike its extinct English ancestor, the High Court of Chancery of Great Britain, Delaware’s Court of Chancery has never become so bound by procedural technicalities and restrictive legal doctrines that it has failed the fundamental purpose of an equity court–to provide relief suited to the circumstances when no adequate remedy is available at law. The historical roots are deep but the Delaware bloom remains fresh.

In practice, the Court of Chancery largely hears corporate matters, trusts, estates, and other fiduciary matters, disputes involving the purchase and sale of land, questions of title to real estate, and commercial and contractual matters in general. The Court has one Chancellor, the chief judicial officer of the Court, and four Vice Chancellors. Leo Strine was appointed to the Court in 1998, became Chancellor in 2011. In 2014, he was confirmed unanimously as the chief justice of Delaware’s Supreme Court, where he served until 2019. Leo Strine now serves Of Counsel in the Corporate Department at Wachtell, Lipton, Rosen & Katz.

Leo Strine: Breadth of Scholarship and Interest

In advance of our forum, I asked Mr. Strine for any information on the subject matter he wishes to cover and readings for those planning to attend. He responded that he is planning to approach the Forum as an interactive session, not a lecture. That is exactly what I want as well. Let’s have a discussion of the issues those attending bring to the Forum.

Below, I have simply cut and pasted from his page on Wachtell, Lipton. As I think you can readily see, Leo Strine has been thinking deeply about a wide range of corporate accountability issues for years. If you have a chance to do some reading, I would start with his latest and work my way down. If the Forum draws large numbers, I will take questions first from those who register early.

Select Publications

Select Op-Eds

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