Leave Delaware

🚨BREAKING: One of the largest publicly traded companies on earth could have chosen Delaware. They didn't. The board of ExxonMobil (Market Cap: ~$623 BILLION) unanimously recommends redomiciling to Texas from New Jersey. CEO Darren Woods: "Texas has made a noticeable effort to embrace the business community... aligning our legal home with our operating home, in a state that understands our business and has a stake in the company’s success, is important."

Delaware loses another multi-billion-dollar company, as Liberty Media Corporation has filed a proxy statement asking its stockholders to approve changing its incorporation from Delaware to Nevada.

🚨BREAKING: CDT Equity Inc. (Nasdaq: CDT) Has Filed to LEAVE DELAWARE for the Cayman Islands The biopharmaceutical development company cited three key reasons: 1. Eliminate Delaware's annual franchise tax for 'substantial savings' 2. Reduce lawsuit risk for directors and officers 3. Greater legal protection under Cayman Islands law vs. Delaware 'Greater protection...more flexibility and predictability'... their words, not ours.

🚨JUST IN: Texas just passed its first major test. A shareholder with 100 shares (0.00002% of Southwest Airlines) sued the board. A federal court just dismissed the case with prejudice under Texas's SB 29. In Delaware, 9 shares nullified a $55.8 billion compensation package. Texas built a system to stop opportunistic litigation. Yesterday, it proved it works.

🚨JUST IN: Texas just passed its first major test. A shareholder with 100 shares (0.00002% of Southwest Airlines) sued the board. A federal court just dismissed the case with prejudice under Texas's SB 29. In Delaware, 9 shares nullified a $55.8 billion compensation package. Texas built a system to stop opportunistic litigation. Yesterday, it proved it works.