Delawareans Hit Back at US Chamber-Backed Study Downgrading State's Courts
Delaware attorneys this week took aim at a new report from a study group backed by the U.S. Chamber of Commerce that showed Delaware losing its long-held status as the best climate for handling corporate lawsuits, rejecting assertions that the state was losing favor with businesses.
September 20, 2017 at 06:33 PM
11 minute read
Delaware attorneys this week took aim at a new report from a study group backed by the U.S. Chamber of Commerce that showed Delaware losing its long-held status as the best climate for handling corporate lawsuits, rejecting assertions that the state was losing favor with businesses.
In interviews, attorneys and a top state official scoffed at the notion that Delaware's adoption of 2015 legislation banning fee-shifting provisions in corporate bylaws had damaged its reputation in the legal community.
“When you read this study, you find that none of the questions asked addressed the well-known strengths of the Delaware court system: promptly and reliably resolving complex corporate and commercial disputes with a high degree of predictability and unquestioned integrity,” Gregory V. Varallo, president of Richards, Layton & Finger, said in an email.
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