Monday, September 30, 2013
In a recent (ok, last Spring, sorry), Vice Chancellor Laster tells it like it is, with respect to some shareholder plaintiffs out there. In the following colloquy during a settlement hearing in In re Gen-Probe, VC Laster questions counsel about their clients:
I wonder why counsel would ever take a client who owns just two shares of stock. I'm not totally naive about what's going on, but you'd think there would be someone out there with a few more shares they could approach.