So what the hell is "The Delaware Court of Chancery"?

The Court sits without a jury. All issues of fact are determined by the presiding Chancellor or Vice Chancellor. The Court has the discretion to appoint an advisory jury if it so desires, but this power is practically never exercised.

The history of the Court of Chancery stems back to the English common law system, in which separate courts were established to hear law and equity matters.

*Supposedly it's an "old boys club"