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...BDO last year took an alternative approach, opting to convert to an employee-owned corporation, funded by private debt....
...But Elliott insiders note that the address in question — 1209 North Orange Street in the US state of Delaware — is home to the Corporation Trust Center, where more than 250,000 companies are registered....
...for large corporations thanks in part to a transparent corporate law regime, years of legal precedent and a community of lawyers....
...Michela Tindera So Delaware’s court system is fast and effective. But that’s not the only reason corporations love it. It’s also because of how long it’s been in operation....
...A hard-to-replicate combination of decades of legal precedent and an established legal community make the state attractive to corporations....
...“Mr Biden’s recent, more strident accusations that greedy corporations are responsible for price increases seem to have won him points.”...
...“The affairs of Delaware corporations, however, must be managed by Boards of Directors, not backroom deals,” said the lawsuit, saying non-Elliott shareholders never got the opportunity to approve the features...
...It’s a spoiler for Wall Street and Big Ag, and Big Tech, and Big Telecom, and Big Pharma, and the corporate- owned media and all the corrupt politicians and corporations.”...
...Then, a mere 10 hours before the bankruptcy filing, a company lawyer changed the address of the shell corporation to a post office box in Houston....
...Musk vs Delaware The small US state of Delaware has long been the refuge of large corporations seeking predictable courts....
...They are seeking to speed up proceedings as TMTG moves towards a stock market listing through a merger with blank-cheque company Digital World Acquisition Corporation....
...Last week, Chicago-based Grant Thornton agreed to sell a majority stake to New Mountain Capital in the sector’s largest deal. Baker Tilly secured a $1bn investment led by H&F in February....
...If you doubt this I urge you to read a law journal article by corporate governance luminary, Leo Strine, the former chief justice of the Delaware Supreme Court....
...Judge Colm Connolly in Delaware has yet to rule on the motion. Jankowicz is seeking damages in an amount to be determined at trial....
...Last year, Wells Fargo signed a deal to lend billions to a new credit fund run by Centerbridge, a $40bn private equity firm that led the buyouts of restaurant chain P.F....
...“We’ve capped the traffic so we can’t grow aviation and we can’t grow f***ing tourism,” said O’Leary, who regularly issues vitriolic criticism of airports and governments that stand in his way....
...to Tom Gaffney, a cyber security expert at global cyber security and privacy company F-Secure....
...spy on corporations....
...At a rally in Philadelphia, Kennedy attacked Wall Street, corporations, “Big Tech”, “Big Ag”, “Big Pharma”, the military-industrial complex and “the mercenary media”....
...UniCredit to return €8.6bn to shareholders (FT) Private equity buys majority stake in US accounting firm Baker Tilly (FT) ADM’s accounting procedures probed by US prosecutors (FT) Can Elon Musk derail Delaware...
...In a call with analysts after the company’s results, Murdoch framed the settlement as a “business decision” to “avoid the acrimony of a divisive trial” while blaming a Delaware court for restricting Fox’...
...He learnt much of the commercial side of the business in the area around where we’re lunching, at CBS Records in the 1980s, but he had approached the industry first as a fan, thanks to an unusually ambitious...
...Ader faces a growing number of legal headaches from the ill-fated attempt in 2021 to merge his Spac, 26 Capital Acquisition Corporation, with a casino business in the Philippines owned by Japan’s Universal...
...This could theoretically reduce euro area total deposits (defined as households’ and non financial corporations’ deposits) by €873bn, or 7%, and increase the loan-to-deposit ratio (LDR) from 98% to 106%....
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