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...for large corporations thanks in part to a transparent corporate law regime, years of legal precedent and a community of lawyers....
...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....
...“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...
...But since 2007, the main gateway to the country has been limited to 32mn passengers a year, not counting those in transit....
...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....
...One essential is their proximity to public transit. The partners are also measuring mobile phone data, retail activity and other indicators to try to sift the good from the bad....
...Court filings in Delaware show that Shenzhen-based Purplevine IP is backing two related intellectual property suits brought against a subsidiary of Samsung Electronics....
...Judge Colm Connolly in Delaware has yet to rule on the motion. Jankowicz is seeking damages in an amount to be determined at trial....
...He’s also likely to take aim at corporations for raising consumer prices....
...This month Travis Laster, the Delaware judge overseeing the case, ruled against Ader....
...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...
...“The Delaware court severely limited our defence in the trial in pretrial rulings,” Murdoch said....
...Smart reads Bankruptcy in Texas Houston has been a favoured city for cash-strapped companies and corporations with large legal liabilities to find shelter from creditors....
...Nearly 70 per cent of New Castle County, where the trial is taking place, voted for Biden, and “even conservative jurors in Delaware are likely to have some respect for [Biden, a former US senator from Delaware...
...Fox will pay $787.5mn — almost half of the $1.6bn in damages sought by Dominion, lawyer Justin Nelson said in a press conference outside the courthouse in Wilmington, Delaware....
...And Intel is far from the only major corporation to be pouring investment — and bringing jobs — to the region....
...Not that Delaware has done anything illegal. It has the backing of the US Constitution, which left the power to charter corporations in states’ hands....
...Squinting in the late afternoon sun on a square in downtown Wilmington, Delaware, on Tuesday, lawyer Justin Nelson told the world’s media there would finally be “vindication and accountability” for lies...
...The conservative Fox News network and its parent company, Fox Corp, were first sued for $1.6bn by voting machine maker Dominion in 2021 in Delaware, where all parties are incorporated....
...Stuck in transit A historic audit deal struck last year, which saved hundreds of Chinese companies from being kicked off US stock exchanges, has failed to herald a resurgence of initial public offerings...
...In a 130-page opinion, Judge Eric Davis of Delaware state court denied motions by Fox News and its parent Fox Corporation seeking a ruling from the bench, but agreed with Dominion’s contention that the claims...
...Late on Sunday, Judge Eric Davis — who is overseeing the case in Delaware, where both Fox and the plaintiff, voting machine maker Dominion, are incorporated — said the court had decided to delay the start...
...Those emails and texts would form the basis of a complaint filed by Dominion in Delaware in March 2021, seeking $1.6bn in damages....
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