Regular readers are familiar with nationally-prominent corporate law scholar and friend of this blog, Professor Stephen Bainbridge, whose prolific scholarship is cited in Delaware corporate law decisions. His encyclopedic grasp of Delaware cases on corporate law rivals that of many experienced Delaware corporate law practitioners.
The good professor has penned a scholarly and insightful analysis of the well-known Delaware Blasius decision, as a supplement to commentary by Prof. Ann Lipton. He cites to many subsequent decisions in Delaware and elsewhere, as well as learned commentary, that allow for the observation that even if not expressly overruled, it is not quite respected as having continuing vitality–and may be fairly described as disregarded, or at a minimum not often followed as strong precedent.