Delaware Mourns The Chancellor Who 'Saved Corporate Law'

By Jeff Montgomery (October 16, 2019, 9:52 PM EDT) -- Long seen as the jurist who "saved corporate law," former Delaware Chancellor William T. Allen, who died this week, was remembered and lauded by the business legal community for a string of rulings that offered needed guidance for the disordered, contentious mergers and acquisitions of the late 1980s and the '90s.

From "Fort Howard" to "Time Warner" and "Caremark" and hundreds of other decisions, Allen's Chancery Court rulings continue to be cited as important underpinnings of modern corporation law. The decisions came during the epic Delaware Chancery and Supreme Court legal battles that marked the Deal Decade, a time of change...

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