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...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....
...“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...
...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....
...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....
...spy on corporations....
...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’...
...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...
...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...
...A judge on Tuesday announced the “parties [had] resolved their case” in a last-minute deal reached on the cusp of a six-week trial in Delaware, which centred on claims aired on Fox News in the wake of Donald...
...Just moments earlier, the outcome of Dominion’s legal battle was far from clear, amid the latest delay to a six-week trial that was supposed to start on Monday in Delaware, a favoured legal domicile for...
...in Delaware....
...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....
...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...
...The failed merger has at least demonstrated that these are a drag on its valuation as a standalone business....
...What pays the bills really is the Franchise tax, a flat fee (usually $300) to register a corporation there. That fee brought in $1.6bn that year. Experts in the tax field will know all about Delaware....
...A trial is expected to begin in Delaware next month. Court documents from the lawsuit have revealed Murdoch privately expressed concerns about Trump’s efforts to overturn the election....
...It settled the case in Delaware before Murdoch and other Fox executives were forced to testify publicly....
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