Delaware Chancery Judge Leo Strine — who presides over many corporate and shareholder lawsuits — told a Wall Street group that “fairness opinions” on the merits of a deal are mostly worthless.

Strine made it clear that banks that hire a second adviser in hopes of removing the appearance of conflict fool no one — least of all him.

“What he’s saying is unless the process is good, having a second opinion is not going to unscramble the eggs,” said Richard Farley, a partner at Paul Hastings law firm.