WOW: Major corporations are leaving Delaware to reincorporate in other states. Left-leaning Delaware engaged in political targeting, weaponization of government, lawfare, and forcing DEI—and the private sector noticed. Delaware is no longer the best state for business.

Source: https://t.co/5ndnt29II3

Texas law makes it harder for low-threshold shareholder proposals to distract boards from their corporate agenda.

Unlike Delaware, Texas law gives directors statutory protections for business decisions.

Texas law makes it harder for "opportunistic and frivolous" shareholder lawsuits.

🚨Vinson & Elkins LLP Have Released a Comparison Between Delaware and Texas Corporate Law Here are the highlights 👇🧵

Source: https://t.co/4qaWw7OSzD

🚨‼️” The Chancery is considering whether to overrule yet another carefully negotiated compensation agreement.” CALinnovates, a California-based nonpartisan technology advocacy coalition, is hoping to avoid Delaware’s courts after being asked to invalidate the CEOs compensation

🚨Delaware Business Court Overruled Management and Ignored Shareholders' Votes… Twice Meyer said, “I’m on Delaware’s side.” So who runs the company? If you're incorporated in Delaware, it could be the judges.

When competitors enter, and a free market begins, everyone adapts to new standards In Delaware’s case, the new law would limit the “freedom” that the judiciary had before. MEYER: “Well I assure you in Delaware that’s not the case.” Interesting, SB 21 reduces the judiciary’s

🚨🇺🇸Algorhythm Holdings, Inc. (NASDAQ: RIME) Has Filed to LEAVE DELAWARE for Nevada by Conversion The company cited Delaware’s increasingly litigious environment, lack of predictability and certainty, and Nevada’s statute-focused approach that offers additional corporate

Source: The New Political Economy of Delaware Corporate Lawmaking https://t.co/f1mo4pVFSk

🚨NYU Law Scholars on Delaware's Corporate Law Overhaul: “The process was nakedly political.” The NYU professors reflect on the controversial “DExit amendments” adopted by Delaware earlier this year.

Of the top 10 reincorporations by large companies(Market Cap > $250M), many have listed similar reasons for reincorporation. Reasons include: - Reduced legal exposure - Governance certainty - Cost savings - Proximity to business activities - Attracting/retaining talented

🚨Gov. Meyer Finally Apologizes

This is the part that led up to CNBC’s Joe Kern calling out Gov. Meyer for lying

‼️Gov. Meyer Praises Delaware Judiciary, But Critics Aren’t Buying It SORKIN: As a math teacher, do you look at that situation[Tesla case] and say that the courts in Delaware were right, that they were wrong? How do you think about that? MEYER: I’m very proud that, unlike many

🔥Delaware is in Denial Delaware’s DIRECT competition IS Nevada and Texas. 21 of the 32 companies we have tracked have LEFT DELAWARE for Nevada. 5 companies LEFT DELAWARE for Texas. Only 1 company reincorporated overseas in the Cayman Islands.

See the full article here: https://t.co/oI0V1AQUYV

🚨The Movement is Worldwide African Startup, Itana, released an article titled: “Why Delaware Shouldn’t Be the Default for African Start-Ups” “behind the allure of Delaware, lies a series of hidden costs, regulatory obligations, and other trade-offs that every founder should

When competitors enter, and a free market begins, everyone adapts to new standards In Delaware’s case, the new law would limit the “freedom” that the judiciary had before. MEYER: “Well I assure you in Delaware that’s not the case.” Interesting, SB 21 reduces the judiciary’s