Thursday, September 8, 2011
What!? You thought that just because Chancellor Strine got promoted that Strinisms would go away? Forget it! Late last month in a motion to expedite hearing in In re Transatlantic Holdings Chancellor Strine gave us his thoughts on hillbilly hand-fishing, which has apparently replaced Jersey Shore on the top of his DVR playlist. Oh ... and he made some relevant comments about deal protections, banker conflicts, and standstill agreements, but for now, let's focus on the important stuff:
THE COURT: … And I’m not saying on this third scenario, that you may not have provided, you know, the color that you and Mr. Zimet are providing to the room because you've been, you know, vacationing, or just writing briefs in ties.
MR. ZIMET: Fishing.
THE COURT: Did you catch something?
MR. ZIMET: Always.
THE COURT: Always?
MR. OFFENHART: That's a little optimistic.
MR. ZIMET: It's shooting fish in a barrel. A little pond behind the house.
THE COURT: I thought you hired associates to go under the water and put them on the hook. It's a new Skadden summer associate program. I was so excited.
“What did you do today?”
“I put a five-and-a-half-pound large-mouth bass on Mr. Zimet's hook.”
Do you do any hillbilly hand-fishing?
MR. ZIMET: What's that?
THE COURT: It's my son's new favorite show.
MR. ZIMET: Wrestling the catfish?
THE COURT: They go and they surround these holes, and put their hand in there, and the fish bite at them, and they pull it out. No other nation has anything like that. We may not be able to pay our debts, but we can pull a catfish out of a hole!
So back to I guess more serious things than hillbilly hand-fishing, but it's taken very seriously by those who participate in it …
For those of you not in the know - here it is! As Chancellor Strine noted, we may not be able to pay our debts, but we can do this: