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Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...The lawyers are members of the Delaware state bar association that customarily makes such proposals to update the state’s corporate law....
April 23, 2024
Due Diligence
Delaware fires back at corporate lawyers Premium content
...Damocles of asserted uncertainty over the heads of Delaware judges . . ,” he drily noted....
March 15, 2024
Due Diligence
M&A giants debate Elon Musk’s war on Delaware Premium content
...Collins Seitz Jr, the chief justice of the Delaware Supreme Court, tried to play statesman, noting the state is “not trying to win popularity contests” and that “Delaware has always persevered”....
March 8, 2024
The FT ViewThe editorial board
Delaware versus Elon Musk
...Delaware has been accused in the past of being over-friendly to boards; it now faces a fresh judicial challenge. The US tradition of legal competition among states is distinctive....
February 6, 2024
Elon Musk
Can Elon Musk derail Delaware?
...Bainbridge said he believed Delaware’s willingness to harness Musk would buttress the state’s supremacy rather than threaten it....
February 5, 2024
Transcript
Transcript: Why Elon Musk is breaking up with Delaware
...So Delaware is a relatively small state. It’s one of the 13 original colonies, I believe....
February 14, 2024
Inside BusinessSujeet Indap
Texas is throwing down a legal challenge to Delaware
...Delaware now dominates incorporations. Between franchise fees and a vibrant legal community, it is an important driver of the small state’s economy....
January 29, 2024
Tesla Inc
Tesla asks shareholders to approve move to Texas and ratify Musk’s pay
...Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling chief executive Elon Musk’s promise in February after a Delaware court voided his $56bn pay...
April 17, 2024
Space Exploration Technologies Corp
Elon Musk to make another break with Delaware by moving SpaceX to Texas
...Elon Musk is to shift the incorporation of SpaceX from Delaware to Texas, seeking to further limit exposure to the state after a judge there shot down his $56bn pay package from Tesla last month....
February 15, 2024
News updates from January 31: Federal Reserve holds interest rates, EU commits €21bn in Ukraine military aid
Musk’s $55bn pay package voided by Delaware judge
...Elon Musk’s $55bn pay package from Tesla has been voided by a Delaware judge, who ruled that the unprecedented compensation was improperly approved by the automaker’s board of directors and had short-changed...
January 30, 2024
News updates from January 30: Microsoft posts record revenue, Eurozone economy stagnates in Q4
Musk’s $55bn pay package voided by Delaware judge
...Elon Musk’s $55bn pay package from Tesla has been voided by a Delaware judge, who ruled that the unprecedented compensation was improperly approved by the automaker’s board of directors and had short-changed...
January 30, 2024
Behind the Money podcast16 min listen
Why Elon Musk is breaking up with Delaware
...Soon after, Musk took to his social network X and offered some advice: “Never incorporate your company in the state of Delaware.” But will anyone take it?...
February 14, 2024
LexElon Musk
Elon Musk says Texas forever. Shareholders should not Premium content
...The company is asking shareholders again to vote in favour of Elon Musk’s 2018 pay package — the same one nullified earlier this year by the Delaware Court of Chancery....
April 17, 2024
News updates from April 17: UK inflation falls less than expected; Boeing engineer says safety concerns are ignored
Tesla asks shareholders to approve move to Texas and ratify Musk’s pay
...Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling Elon Musk’s promise in February after a Delaware court voided his $56bn pay package....
April 17, 2024
Due Diligence
Elon Musk gets squeezed in Delaware Premium content
..., a state-owned oil and natural gas group....
February 2, 2024
Cryptocurrencies
An almost convincing Delaware-crypto-filing scam
...A spokesperson for the Delaware Department of State said Tuesday that it has referred what appears to be a faked iShares filing to the state’s Department of Justice....
November 14, 2023
Tesla Inc
Tesla shareholders to vote on moving incorporation to Texas, says Musk
...Hours after the ruling, which Tesla can still appeal against, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
February 1, 2024
Elon Musk
Elon Musk shifts Neuralink’s incorporation to Nevada
...The change from Delaware to Nevada was completed on Thursday, according to documents filed to the office of the Nevada secretary of state....
February 9, 2024
Centerview Partners LLC
Ex-Centerview banker did not clinch partner deal at meeting, US court rules
...Handler’s breach of contract claims against Centerview over back pay and equity remain pending in the Delaware court....
April 23, 2024
GSK PLC
GSK readies for pivotal ruling in Zantac cases
...But cases continue in state courts....
April 24, 2024
News updates from February 1: Meta announces first ever dividend, Bank of England holds interest rates
Tesla shareholders to vote ‘immediately’ on moving incorporation to Texas, says Musk
...Following the decision, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
February 1, 2024
Tesla Inc
Winning lawyers in Musk pay dispute may make billions
...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...
January 31, 2024
Elon Musk
Lawyers in Musk pay case seek $6bn in Tesla shares
...Attorneys for shareholders who defeated Elon Musk’s $56bn Tesla pay package have asked a Delaware state court to award them shares in the electric vehicle maker worth nearly $6bn as payment....
March 2, 2024
Tesla Inc
Tesla is five times bigger than all the public companies in Texas
...The billionaire posted his comments about shifting to the state where Tesla’s physical headquarters are located following the ruling this week by Kathaleen McCormick, a judge in the Delaware Court of Chancery...
February 1, 2024
Due Diligence
Czech’s in the Royal Mail Premium content
...The committee “initially considered all US states as well as the possibility of incorporating outside of the US”, before drawing up a 10-state shortlist — California, Delaware, Florida, Maryland, Nevada,...
April 18, 2024

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