Former Vice Chancellor Donald F. Parsons Jr. is senior counsel, consulting on various corporate and intellectual property matters. He served on the Delaware Court of Chancery from 2003 to 2015.
With a focus on alternative dispute resolution, his practice draws on his past mediation experience in various business and intellectual property disputes before the Delaware Court of Chancery as well as the Federal Circuit. He also advises on matters of corporate governance, special committee assignments, internal investigations, mergers and acquisitions, stockholder activism, and alternative entities.
In his 12-year judicial tenure on the renowned business court, Don issued hundreds of decisions and rulings addressing significant questions concerning corporation law, alternative entities, trademark and intellectual property law, and other complex commercial matters. He presided over many high-profile cases in a range of areas, including, Third Point v. Ruprecht, a challenge to Sotheby’s adoption of a novel “poison pill” takeover defense during a proxy contest; In re Bear Sterns Companies, Inc., a class action challenge to the then-proposed merger of Bear Stearns and JPMorgan brokered with the assistance of the Federal Reserve and the Department of the Treasury at the inception of the subprime mortgage crisis; In re Cogent, Inc., addressing the validity of rapidly developing transaction structures and “deal protection” provisions in negotiated public company merger agreements; Zucker v. Andreessen, a derivative case challenging the severance benefits paid by Hewlett-Packard to its CEO following his unexpected termination; PharmAthene v. Siga, which resulted in an approximately $195 million damages award for breach of a binding agreement to negotiate a pharmaceutical license in good faith; and numerous cases involving the governance of private and publicly traded alternative entities, such as Twin Bridges v. Draper, Zimmerman v. Crothall, In re Encore Energy Partners, and In re K-Sea Transportation Partners.
In 2016, former Vice Chancellor Parsons was awarded a diploma in international arbitration by the Chartered Institute of Arbitrators. He has also been certified in commercial law arbitration by the Delaware State Bar Association (DSBA). In August 2013, he began a four-year term as a member of the Governing Council of the American Bar Association’s Business Law Section. From 2009 to 2010, he served as president of the American College of Business Court Judges. In 2009, he became a fellow of ASTAR (Advanced Science and Technology Adjudication Resource Center), completing several in-depth science, technology and forensics courses. As past-president of the DSBA, Don helped create the award-winning Combined Campaign for Justice to provide legal services for those in need.