The nation’s largest shopping mall owner said it’s leaving Delaware as its state of incorporation, citing concerns of increasingly woke behavior by courts.
Simon Property Group, an S&P 500 company valued at $60 billion, last week said it could no longer rely on Delaware courts, which now allow for “meritless litigation” and “judicial interpretation without a clear statutory bias,” Law.com reported.
The move mirrors Elon Musk’s decision last year to move multiple companies, including Tesla and SpaceX, out of Delaware.
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