Vol. 125 No. 7
LEAVING DELAWARE? THE ESSENTIAL ROLE OF SPECIALIZED CORPORATE COURTS
Following the Delaware Court of Chancery’s invalidation of Elon Musk’s fifty-six-billion-dollar compensation package, Tesla moved its incorporation from Delaware to Texas. Shortly thereafter, Delaware’s legislature, seeking to protect Delaware’s dominant incorporation position, passed the most sweeping corporate law amendments in fifty years.
Both supporters of Musk and defenders of Delaware’s judiciary have accused each other[...]