Delaware’s new Democrat governor vowed to work to win back companies leaving the state due to numerous shareholder lawsuits and perceived liberal judicial activism.
Elon Musk called on companies to reincorporate elsewhere after a Delaware judge ruled in January 2024 that the CEO was not eligible for a 2018 compensation package then valued at $56 billion. In December, Delaware Chancellor Judge Kathaleen McCormick confirmed her previous ruling.
Musk moved both Tesla and SpaceX from Delaware to Texas last year.
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