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...Delaware....
...another Delaware entity called SV America Inc....
...Mainly sold to refineries in China, ESPO has consistently traded well above the $60-a-barrel price cap imposed by the G7 in December 2022....
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...US investor capital from Vanguard also funded affiliates of the China State Shipbuilding Corporation, a military-linked conglomerate, the report said....
...Separately, the Court of Chancery last year denied a customary “books and records” request from a shareholder probing how Disney had reacted to Florida’s “Don’t Say Gay” legislation....
.../ From Mikhail Taver, Managing Partner, Taver Capital, Paphos, Cyprus...
...So the lawyers who argued that Musk’s performance-linked pay is egregious stand to make a record-breaking sum based on their success in court. This has upset a lot of people....
...In this week’s ruling in Delaware, McCormick said Musk’s record-breaking $56bn remuneration package had been improperly approved by the company’s board and had short-changed shareholders....
...All we’re going to add is data, starting here: By market cap Tesla is in the top tier of companies incorporated in Delaware, though the year-to-date sell-off has narrowed its lead over the pack (Visa, Broadcom...
...Bernstein pointed to a Delaware case from 2012 in which plaintiffs’ lawyers were awarded a fee of nearly $300mn, or 15 per cent of the shareholder recovery, which had been the record for that court....
...The latest NHTSA ruling caps a week that has seen the role of Tesla’s board come into greater focus after a Delaware court struck down chief executive Elon Musk’s record pay package....
...The lawyers who represented victorious Tesla shareholders may be in line for a record-breaking payout worth hundreds of millions, or even billions, of dollars after a Delaware court on Tuesday voided a $56bn...
...investors and distressed debt investors with a record of co-operating with sovereign debt restructurings....
...Regulators have placed a cap on Boeing’s production capacity following the harrowing mid-air panel blowout on an Alaska Airlines flight in January. This in turn means delivery delays....
...in Delaware....
...Musk vs Delaware The small US state of Delaware has long been the refuge of large corporations seeking predictable courts....
...Last year, Botín was one of several European bosses who spoke out against the European cap on banker bonuses, saying it put them at a disadvantage to global rivals after the UK lifted its own cap....
...TXU had been acquired in a record-setting $44bn leveraged buyout in 2007 (a bet on sustained high natural gas prices, which could not have more poorly anticipated the subsequent fracking boom)....
...Uber’s user base was “bigger and more engaged than ever”, said Khosrowshahi, with the number of monthly active users reaching a record high of 150mn....
...Stock splits are back with a vengeance. US-listed Mexican eatery Chipotle plans a whopping 50-for-1 split. Japan racked up nearly 200 in the past fiscal year, a record....
...In five years, Uber has gone from a train-wreck initial public offering to a record-high share price....
...via transcript analysis firm AlphaSense.Several of those went on to hire specialists to probe trading records, while some launched legal action....
...Yet the union membership rate has continued to slide, reaching a record low of 10 per cent of US workers last year....
...It’s just a matter of time,” he added. In 2023, private equity groups saw their stockpile of unsold investments surpass a record $3tn....
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