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      Delaware Law News

      Delaware Law School Lecture Continues a Long-Standing Tradition

      Professor Randall S. Thomas

      Thomas gives a presentation called "Is Delaware Retreating?" as part of the annual Francis G. Puleggi Distinguished Lecture.

      The Delaware Journal of Corporate Law of Widener University Delaware Law School sponsored the 33rd annual Francis G. Pileggi Distinguished Lecture in Corporate Law on Friday, Oct. 20.

      At the Hotel Du Pont in Wilmington, Professor Randall S. Thomas, the John S. Beasley II chair in law and business and the director of the law and business program at the Owen Graduate School of Management at Vanderbilt Law School, gave a presentation called “Is Delaware Retreating?”

      Thomas earned a reputation as one of the most productive and thoughtful corporate and securities law scholars in the nation. His recent work addresses issues such as hedge fund shareholder activism, executive compensation, corporate voting, corporate litigation, shareholder voting, and mergers and acquisitions.

      In his lecture, Thomas explored the evolving changes in Delaware corporate case law that have resulted in what he regards as a shift toward Delaware courts giving more deference to independent boards’ decisions and the greater use of shareholder approval of board actions. Thomas supports this shift toward less judicial interference in board decision making because of emerging practical changes in corporate governance – in particular, the rise and influence of hedge fund activism – that have enhanced the role of shareholder monitoring.

      Thomas holds a Ph.D. in Economics, a J.D. from the University of Michigan and an undergraduate degree from Haverford College.

      The Pileggi lecture began in 1985 when Francis G.X. Pileggi, who was then the internal managing editor for the Delaware Journal of Corporate Law, envisioned a forum where practitioners, judges and academics distinguished in the area of corporate law could speak directly to those most responsible for setting policy on corporate law in the United States – the Delaware bench and bar.

      Through his efforts and the generosity of his father, Francis G. Pileggi, Esquire, the idea turned into reality. The lecture continues today through the members of the Delaware Journal of Corporate Law and the continued generosity of the Pileggi family.


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