Following the recent resignation of Delaware Chancery Court Chancellor William Chandler, Governor Jack Markell announced his choice for a replacement Wednesday.
Leo Strine Jr., a Vice-Chancellor since 1998, has been nominated by the Governor to succeed Chandler, whose last day on the job is June 17th.
If the Senate confirms Strine, Governor Markell says he’ll nominate Master in Chancery Sam Glasscock III as Vice-Chancellor. Glasscock has served in his current role since 1999.
Strine says he is honored to be considered.
“If the Senate confirms me, I will do my utmost to continue our Court’s tradition of delivering timely and well-reasoned decisions in all our cases, providing sensible and predictable interpretations of our corporate law to business planners, and giving investors a forum they know will vindicate the important rights accorded to them by Delaware law,” Strine says.
Governor Markell says Strine is an expert in corporation law, and highlighted Glasscock’s experience hearing corporate disputes, real property and land use matters, and a variety of other cases.
Both nominees went to the University of Delaware. Strine has a law education from Penn, while Glasscock obtained his law degree from Duke.
Chandler spent more than 20 years on the Court of Chancery, 14 of them as Chancellor.
The Court of Chancery has handled a number of high-profile corporate disputes and mergers.