Along with predicting a 2011 World Series win for the Philadelphia Phillies, Stephen Lamb, a partner in the corporate and litigation department at Paul, Weiss, Rifkind, Wharton & Garrison LLP, foresees shareholder activists leveraging Delaware law to achieve what the Securities and Exchange Commission's recently overturned proxy access rule did. The controversial rule, overturned in July, provided investors with added power to remove corporate directors. In this video interview with The Deal Pipeline, Lamb, a vice chancellor of the Delaware Court of Chancery from 1997-2009, discusses the evolution of the Delaware court's position on shareholder litigation, as well as the topics he is currently encountering in his practice at Paul Weiss. To learn about the nomination of Vice Chancellor Leo Strine to the chief judge of the Delaware Court of Chancery, read "Strine nominated as Delaware Chancellor," by The Deal senior writer David Marcus. - Sarah Hashim-Waris
Ken deRegt will retire as head of fixed income at Morgan Stanley and be replaced by Michael Heaney and Robert Rooney. For other updates launch today's Movers & shakers slideshow.
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