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As the saying goes, "Heads I win, tails you lose." Many Employee Retirement Income Security Act ("ERISA") plaintiffs' lawyers, no doubt, felt this way following the economic implosions of Enron, WorldCom, Dynegy, and others
Vice Chancellor Leo E. Strine, Jr. of the Delaware Court of Chancery recently decided an option dating case (Desimone v. Barrows, C.A. No. 2210-VCS (Del. Ch. June 7, 2007) involving Sycamore Networks that takes much of the sting out of his colleague Chancellor Chandler's previous Tyson and Ryan decisions
