Delaware Chancellor William B. Chandler III has had an extensive impact on the most influential Court in business.

The Delaware Court of Chancery has, in recent years, applied the business- judgment standard to tender offers followed by short-form mergers, if they met certain conditions intended to insure that the minority stockholders are not coerced into accepting. That is, until the recent Delaware Chancery Court decision in In re CNX Gas.

Former vice chancellor of the Delaware Court of Chancery Stephen P. Lamb addresses the intertwining issues of loyalty and disclosure claims.