Excellent Dicta! (part 3)

A grateful hat tip to the Wall Street Journal Law Blog.

The Delaware Court of Chancery, as you might imagine, handles a lot of corporate law cases, which are usually dry, boring affairs. Well, Chief Judge William B. Chandler III (hereinafter referred to as "My Hero") decided to spice things up a little in a case about the merger of two major gaming companies, Activision and Vivendi. He begins his opinion with the following:

World of Warcraft, the market-leading massively multiplayer online role playing game, entices millions of paying subscribers to immerse themselves in a virtual online world. These subscribers create their own characters, and through these avatars they interact with other players, develop skills, create a unique jargon, join guilds and alliances, engage in battles, and embark on quests. . . . In some ways, perhaps, the world of Mergers and Acquisitions is a massively multiplayer role playing game as well. Like in World of Warcraft and other games, the participants in the M&A field take on certain roles, interact in their own community, hone specialized skills, and even develop a unique, somewhat curious vernacular. One particular quest in the world of M&A is disclosure litigation. In the instance of disclosure litigation presently pending before this Court, the world of M&A meets the World of Warcraft.

And then he concludes his opinion:

In the role-playing game that is this disclosure litigation, both sides have played their respective roles well....Like any game, this one has rules, and the most essential rule of disclosure is materiality. Because the plaintiff could not establish the materiality of its final three disclosure claims, the motion for a preliminary injunction is denied. . . .GAME OVER.

What can else can I say but w00t! This is truly dicta-licious.

P.S. Mary, this one is for you! XOXO