'Corporate Traumas' Are Making Shareholders Lawyer Up

Walmart Inc., The Boeing Co., and Fox Corporation all have watched their boards of directors hauled to court by their own shareholders after headline-grabbing scandals. Such cases of shareholders suing their boards have garnered more attention in recent years. Some say that's indicative of a rise in mismanagement. But others who follow the country's premiere corporate law court point to one man: a judge who is less inclined than his predecessors to dismiss the lawsuits out of hand. On this episode Jennifer Kay speaks to that judge, Delaware Chancery Court Vice Chancellor Travis Laster. He explains why these types of suits can be good for society and who he thinks should be held responsible after a "corporate trauma." Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.