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...by Judge David R....
...David R Jones, the chief judge of the US bankruptcy court for the Southern District of Texas, resigned in the past week after he admitted to concealing a romantic relationship with a Houston bankruptcy attorney...
...Under 28 U.S.C. section 1408, a company can file bankruptcy in any district where it has its domicile, principal place of business, or principal assets for 180 days prior to bankruptcy....
...Musk’s Tesla pay package of $56bn was voided by a Delaware judge on Tuesday. Following the decision, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...The new court is mandated to have expert, experienced judges who will have clerks and render written opinions....
...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...
...The state passed legislation signed by the governor to create a new Texas business court that will hear corporate disputes with specialised judges....
...“Delaware thinks: ‘We’re smarter than you are, and we’re going to have judges up here in Wilmington look at the economics of your transaction,” said Byron Egan, an elder statesman of the Texas corporate...
...The border deal thrashed out between Republicans and Democrats in the US Senate would have led to a sharp increase in border-patrol staffing, asylum officers and immigration judges, as well as providing...
...Texas has been ordered to remove a floating border on the Rio Grande river after a federal judge found authorities had failed to secure the necessary permissions to erect the barricade....
...Then judge Linda Chan made a sudden intervention. “I consider that it is appropriate for the court to make a winding up order against the company, and I so order,” she said....
...Texas has been ordered to remove a floating border on the Rio Grande after a federal judge found authorities had failed to secure the necessary permissions to erect the barricade....
...That decision came with a note from the bench that the judge “need not condone ESG investing generally or ultimately agree with the rule to reach this conclusion”....
...Pamela Abbate Dattilo, a lawyer in Minneapolis, said a judge cancelled a hearing for Thursday in one of her cases because they wanted to know more about the ban....
...An appellate court in Texas is seeking to change its rules to force lawyers to declare whether a generative AI program was used in the drafting of a document, and if so, if it “has been reviewed for accuracy...
...“I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.” Letter in response to this article: Will Musk’s pay setback discourage other IPOs?...
...Judge Jones’s secret romantic partner was a Jackson Walker lawyer....
...A judge blocked it hours before it was to take effect, and Biden rescinded Trump’s order when he took office....
...“I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.” Here’s more on the court decision and what it could mean for Tesla....
...Musk has been railing against the state since late January when a Court of Chancery judge nullified a $56bn stock pay package he had been awarded in 2018....
...“I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters,” he added....
...Sujeet Indap It is called the Texas Business Court. The governor of Texas is supposed to be appointing judges to this court any day now. It’s new. It’s obviously untested....
...When in the US, male power conspires to overturn long-held women’s rights so that a woman who gets pregnant in Texas cannot make a choice....
...Last week the company criticised Brazilian judges’ orders for it to censor “certain popular accounts”....
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