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An activist judge in Delaware overrode a vote of shareholders. Now, the vote was to give Elon Musk a big payday, but the more general problem is a judge interve
by WillyWonkaJr 2y ago
An activist judge in Delaware overrode a vote of shareholders. Now, the vote was to give Elon Musk a big payday, but the more general problem is a judge intervened in corporate activity. It's widely assumed this will cause a lot of business to leave Delaware. There is now a new, legal risk in Delaware.
- binarymax 2y agoThat is very much an edge case and won't have any bearing on the countless small LLCs that incorporate in Delaware. If you have the problem you mentioned, you're on a whole different level than the OP.
- echelon 2y agopg tweeted [1] that companies may consider incorporating elsewhere. I'd say this is on everybody's [2] radar now. [1] https://x.com/paulg/status/1863737832818479385 https://x.com/paulg/status/1863737832818479385 [2] in the startup sphere