Mr Strine will hear more evidence on December 13th, and give his ruling within a few weeks.
ECONOMIST: Will Leo Strine re-engineer takeover law in America?
Stripped of these defenses, Genger lost the case and Strine ordered Trans-Resources turned over to the Trumps in July 2010.
That prospect raised the suspicions of Delaware Chancery Court Judge Leo Strine.
Strine called the proliferation of securities litigation a serious threat to the U.S. economy since it encourages companies to incorporate in other countries.
FORBES: Delaware Judge Strine: 'I'm Not Going To Give Big Fees For Junk'
Strine Jr. agreed that the trustees had violated their duty.
Delaware Chancery Court Judge Leo Strine isn't likely to comply.
Mr Strine will be stepping on remarkably unsettled ground.
ECONOMIST: Will Leo Strine re-engineer takeover law in America?
That task will fall to the Court of Chancery in Delaware, the state where most big American firms are incorporated, and in particular to Leo Strine, one of the court's four vice-chancellors.
ECONOMIST: Will Leo Strine re-engineer takeover law in America?
Strine agreed such nuisance suits are a problem, especially since lawyers have now mastered the art of filing competing lawsuits in multiple jurisdictions to make it harder for their targets to fight them.
FORBES: Delaware Judge Strine: 'I'm Not Going To Give Big Fees For Junk'
In a March order, Strine said Black "breached his fiduciary and contractual duties persistently and seriously" at Hollinger International by attempting to sell his voting control to the Barclay brothers behind the backs of the U.S. subsidiary's directors.
Personable, witty and erudite, Mr Strine has blazed a reputation in his six years as a Delaware judge, both as an intellectual dynamo and as a man who does not shrink from putting his stamp on the law.
ECONOMIST: Will Leo Strine re-engineer takeover law in America?
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