Delaware Chancery Court Chief Judge William B. Chandler III, who oversaw challenges to the Walt Disney Co. (DIS) and Hewlett-Packard Co. (HPQ) boards as head of one of the most important U.S. business litigation courts, is stepping down.

Chandler, 60, a former law professor, has led the influential five-member court since 1997 and most recently ruled on Air Products & Chemicals Inc. (APD)‘s hostile $5 billion bid for Airgas Inc. (ARG)

Read the complete Bloomberg story, “Delaware Judge Who Ruled on Disney, HP to Leave Bench.”