M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

Monday, October 19, 2009

Reuters Interview with Vice Chancellor Laster

Reuters sat down with the newest Vice Chancellor.  His thoughts on the financial crisis:

"With the crash in the banking system still ringing loud in everyone's ears," said Laster. "If there was ever a moment where a politically sensitive Delaware judiciary might have reached out to change Delaware law, that was it. Oversight law is not going to change for a moment-specific reason."


"I don't think it's fair to say about the financial crisis that directors weren't trying to do a good job. Directors were trying to do a good job," he said.

"Now it is always nice after the fact to try to find someone else to hold the bag, but I think it critically important we not to judge these things in hindsight. The core question for us is always: At the time the decision was made, what were the directors thinking?"



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