Delaware’s grip on corporations seemed solid. Elon Musk led a revolt.
Delaware built its identity on being home to the world’s largest companies. But after Elon Musk’s Tesla took off for Texas, ...
Tesla Corporate Shift to Texas Ruled Valid by Delaware Judge (1)
Tesla Inc.'s move to Texas after a Delaware judge voided Elon Musk’s record $56 billion pay package complied with the company ...
Forget Delaware—‘Y’all Street’ Is Open for Business
Companies are moving to Texas as the Chancery Court makes the First State a hostile climate.
Law21d
Will an 'Increasingly Litigious Environment' in Delaware Drive Incorporation Out of State?
Rumors of Meta potentially leaving Delaware for Texas surfaced on Jan. 31. The same day, Dropbox released a statement indicating plans to reincorporate in Nevada, claiming Nevada's strategy of ...
D Magazine24d
Texas Is Coming for Delaware’s Business Court Crown
Six months later, Tesla became incorporated in Texas after shareholders approved the move. The change followed a Delaware court ruling that voided his $56 billion compensation package, a record ...
Newsweek16d
Delaware Scrambles to Stop Tech Exodus
Yahoo News reported that Mark Zuckerberg's Meta is also considering a move to Texas. Reuters reported that online file transfer company Dropbox has also said it may pull out of Delaware.
JD Supra3d
What About Texas?
While Elon Musk moved two of his companies (Neuralink and X Corp.) to Nevada, he notably reincorporated Tesla in Texas.  Mr. Musk's decision ...