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...Attorneys for shareholders who defeated the original pay package in the Delaware court had asked for a multibillion-dollar share award as payment....
...In a grim news week, the revelation that Meghan, Duchess of Sussex has plumped for strawberry jam as the first product of her new lifestyle brand provided some sweet relief from a diet of doom....
...— had made Delaware’s corporate law court too unpredictable for dealmaking undertaken by their boards-of-director clients....
...The Delaware court of chancery dates to the 18th century and has faced many challenges in its time....
...Michela Tindera Of course, Delaware, like any other state in the US, has a number of different courts in its system. There’s the state’s Supreme Court, a family court....
...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”....
...Of the 470 public companies in the Fortune 500, 328 make their corporate home in the small, mid-Atlantic state best known for President Joe Biden and chemicals group DuPont, drawn in part to its stable and...
...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....
...This outcome “fully invert[s]” the original deal, the Piccininis say in court filings. The family is appealing to the Delaware Supreme Court....
...In its recent annual report, the Delaware court noted that its caseload remained “staggeringly high”, even after it had added new judges and shifted some matters to other parts of the Delaware court system...
...The bigger picture is that Delaware chancery courts are there to make sure company boards and management are behaving appropriately....
...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?...
...Officials in the state have been actively marketing the new court to companies domiciled elsewhere as sophisticated and efficient even as the details of the body and how it will operate are still being finalised...
...Drain, the only bankruptcy judge sitting in the White Plains Division of the Bankruptcy Court for the Southern District of New York....
...As to negotiating in a disciplined fashion on behalf of Tesla and other shareholders, it took a holiday from its duties. So it is not surprising that Delaware’s chancery court has had enough....
...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...
...However, they noted the implied percentage of value won for shareholders remained “conservative” and in line with previous Delaware awards....
...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...
...That’s more than double the average for both the city of Chichester to its north (around £443,000) and the county of West Sussex (£449,000)....
...“I’m pretty tired of constantly worrying that somebody in Washington DC makes a decision that’s going to impact my family in Fayette county,” said Nick Staffieri, a waste management team leader at EQT Corporation...
...At least eight of the biggest law firms from the Chinese mainland have opened offices in Asia and the US since the start of last year — and there are more in the works....
...The case filed in the Delaware Court of Chancery comes as corporate settlements with activists become more common....
...Pilita Clark (Opinion, March 20) follows Leo Strine, former chief justice of the Delaware Supreme Court, in arguing that Orwellian doublethink is killing climate action....
...Disputes over money accounted for 82 per cent of the 448,000 county court claims during the period....
...On X, the social media platform that a Delaware court basically compelled him to buy for $44bn in 2022, the billionaire wrote: “Never incorporate your company in the state of Delaware.”...
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