🚨DELAWARE’S CORPORATE EMPIRE COLLAPSING—META IS NEXT TO FLEEFirst Elon, then Ackman… now Zuckerberg. Reports say Meta is considering Texas for reincorporation, following a massive shake-up in Delaware’s once-stable business courts.The trigger? Judge Kathaleen McCormick’s bombshell ruling in January 2024, which voided Elon’s Tesla compensation package, claiming it was unfairly influenced. The decision shocked corporate America, sending a message that Delaware’s courts are no longer predictable for big business.With companies fleeing to Nevada and Texas, Delaware’s grip on corporate America is slipping fast.What was once the gold standard of corporate law is now a cautionary tale of judicial overreach.Source: WSJ, FT, NY Post

🚨DELAWARE’S CORPORATE EMPIRE COLLAPSING—META IS NEXT TO FLEE

First Elon, then Ackman… now Zuckerberg. Reports say Meta is considering Texas for reincorporation, following a massive shake-up in Delaware’s once-stable business courts.

The trigger? Judge Kathaleen McCormick’s bombshell ruling in January 2024, which voided Elon’s Tesla compensation package, claiming it was unfairly influenced. The decision shocked corporate America, sending a message that Delaware’s courts are no longer predictable for big business.

With companies fleeing to Nevada and Texas, Delaware’s grip on corporate America is slipping fast.

What was once the gold standard of corporate law is now a cautionary tale of judicial overreach.

Source: WSJ, FT, NY Post