Leave Delaware

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Leave Delaware

Leave Delaware

@LeaveDelaware

Official Home of the ‘Leave Delaware’ (DExit) Movement. 🇺🇸 FA/FO. If your company is incorporated in Delaware, it’s time to reconsider.

Katılım Ağustos 2024
510 Takip Edilen34.2K Takipçiler
Leave Delaware
Leave Delaware@LeaveDelaware·
🚨BREAKING: DELL Technologies (NYSE: $DELL ) Has Filed to LEAVE DELAWARE for Texas $137 BILLION market cap. The filing points to a $1 BILLION Delaware settlement Dell paid in 2023. $266.7 MILLION of it went straight to the attorneys. Why Texas: - Reduces frivolous, opportunistic lawsuits - Business-friendly regulatory framework built for growth - A new Business Court designed for complex corporate disputes
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zerohedge
zerohedge@zerohedge·
*DELL APPROVES CHANGING INCORPORATION FROM DELAWARE TO TEXAS
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@amuse
@amuse@amuse·
DEXIT: Dell Technologies has approved reincorporating from Delaware to Texas. The “DExit” trend is accelerating, as companies like Tesla, SpaceX, Coinbase, and others shift from Delaware amid concerns over court rulings on fiduciary duties, litigation risks, and director liability. @LeaveDelaware
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Leave Delaware
Leave Delaware@LeaveDelaware·
🚨BREAKING: Samsara Inc (NYSE: $IOT ) is leaving Delaware for Nevada The $17 billion company says Nevada offers a more predictable legal environment, stronger protections for directors and officers, and less risk of "costly nuisance litigation." Samsara says that would help management stay focused on long-term innovation, strategic execution, and growth.
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Leave Delaware
Leave Delaware@LeaveDelaware·
🚨 Delaware defenders are being called out for misrepresenting Nevada corporate law in a recent article. Ben Edwards, joined by Nevada legal and policy voices, published a response claiming that Michal Barzuza’s draft piece "Nevada v. Delaware" does not accurately present Nevada law. The criticism goes beyond disagreement over policy. It includes claims that key quotations, citations, and legal characterizations gave readers an incomplete and unfair picture of how Nevada corporate law actually works. Why does that matter? Because this is not just an academic dispute. Boards, investors, lawyers, and executives rely on these comparisons when deciding whether to stay in Delaware or consider alternatives like Nevada. If Nevada’s legal framework is misstated, companies are not evaluating the real tradeoffs. They are evaluating a distorted version of them. If Delaware is still the stronger jurisdiction, its case should be made on the merits, not through a misleading portrayal of alternatives.
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Mark Cuban
Mark Cuban@mcuban·
If I was the governor of a state looking to grow their revenues, I would add the ability for anyone to incorporate using an AI agent and stablecoins. And charge a premium for the service Post the agent in the marketplace/connectors that the big LLMs have, to simplify it for everyone First to market makes a killing
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Robert Anderson
Robert Anderson@ProfRobAnderson·
@LeaveDelaware What was LinkedIn’s response to the suspicious activity report she filed? Did they identify the culprit, or is the hacker still on the loose?
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Leave Delaware
Leave Delaware@LeaveDelaware·
🚨 Weeks later, Delaware officials still have no public explanation after Chancellor McCormick’s LinkedIn account showed a “support” reaction on an anti-Elon Musk post. No real explanation. No public update. No clarity from the Governor or Delaware leadership. That sends a bad signal to founders and companies who rely on Delaware’s courts to be fair and impartial.
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Leave Delaware
Leave Delaware@LeaveDelaware·
DExit is no longer theoretical. Our timeline shows a growing list of public companies that have already left, or are actively moving their incorporations out of the state. Why are companies leaving? Because Delaware is becoming more expensive, more unpredictable, and more distracting. Boards are watching shareholder litigation drag on for years, taking up valuable time and resources. They are watching plaintiff lawyers pursue massive fee awards, incentivizing "ambulance-chasing" lawsuits. They are watching franchise tax costs stay high and filing fees increase while legal certainty declines. At the same time, alternative states see the opportunity. Texas did not just open a new business court. It also passed SB 29, raising thresholds for certain shareholder lawsuits and making it harder to use meritless litigation to second-guess corporate decisions. Nevada passed AB 239, making restructurings easier, strengthening protections for controlling shareholders, and allowing companies to require bench trials in internal disputes. Delaware no longer offers the legal predictability that made it America’s corporate default.
@amuse@amuse

x.com/i/article/2044…

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Jesus_Saves
Jesus_Saves@revelation_1317·
@LeaveDelaware Thought you might find this conversation interesting x.com/ICannot_Enough…
James Stephenson@ICannot_Enough

Some are asking me why I’m so certain that the Delaware Supreme Court will overturn Chancellor Kathaleen Saint Jude McCormick’s ruling against Tesla (and @elonmusk ‘s 2018 compensation package that was approved by $TSLA shareholders *again* earlier this year). If you are unconvinced, listen to this podcast from 6 months ago *and then* tell me there’s any chance the Supreme Court will let her open Pandora’s Box. Video credit: @BG2Pod

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Leave Delaware
Leave Delaware@LeaveDelaware·
🚨🇺🇸 Archer Aviation (NYSE: $ACHR) Has Filed To Fly Out Of Delaware and into Texas Reasons for the proposed redomestication: • ~$250K annual franchise tax savings • Reduced exposure to opportunistic litigation • Higher thresholds for derivative suits (ownership + holding period) • No attorney fees for disclosure-only settlements • Stronger board protections (business judgment rule codified) • Greater legal predictability vs. Delaware discretion • Limits on books & records abuse • Alignment with Texas operations (no meaningful Delaware ties)
Robert Anderson@ProfRobAnderson

Just Filed: Archer Aviation, a $4.5 billion market cap company, is proposing to move its state of incorporation from Delaware to Texas. 1/2

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Leave Delaware retweetledi
Leave Delaware
Leave Delaware@LeaveDelaware·
🚨BREAKING: Delaware Proposes New Bill to Raise Business Filing Fees Up to 1,640% to Address the State's Budget Deficit HB 400 would increase incorporation certificates from $11.50 to $200. The state's solution to companies leaving is to charge the ones that stay even more... this is what desperation looks like.
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