The first thing we learned in Corporations class in law school was that Delaware was the darling of incorporation. Why? For a number of reasons, one of them Delaware's Court of Chancery, which specializes in business disputes. In fact, the court shows its own business savvy and marketing prowess on its website where it boasts that "[i]ts unique competence in and exposure to issues of business law are unmatched." Sounds like a car commercial.
A few weeks ago, the Third Circuit issued an opinion that's not as business friendly as the Delaware court would like. And, with appeals deadlines passing, as reported by Wilmington, Delaware's The News Journal, we're wondering if this is heading to the U.S. Supreme Court.