... was confirmed yesterday by the Delaware Senate as New Vice Chancellor in Chancery Court.
The nomination of Laster, who has practiced corporate law in Chancery Court for 13 years, had been closely watched in legal circles both in Delaware and nationally. Chancery Court is a venue for court decisions involving major companies that are incorporated here, and its decisions often are used by courts in other states for guidance. The Senate vote, which came in a one-day special session called by Gov. Jack Markell, was unanimous. Laster told the Senate Executive Committee that he was more than willing to forgo the money that can be made in private practice for a chance to serve on the court -- where judges are paid $174,950. "We've tried to spend below our means because we always knew that someday I might take a public service job," Laster said. "I think at the end of the day, it's not about the money." Laster said he will do his best to see that Chancery Court continues to enjoy the respect it has long been accorded. But much of that reputation depends on the lawyers who practice in Chancery -- and those lawyers do much to enhance the court's reputation, Laster said. "I think there is one unique element of Delaware that no one else has been able to match ... the human capital that Delaware has," Laster said. (Delaware Online)
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