Texans for Lawsuit Reform

Through political action, legal, academic and market research, and grassroots initiatives, TLR fights for common-sense reforms that keep Texas open for business.

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For the Record

Making Business Our Business

Much has been written about Elon Musk—eccentric billionaire, CEO of some of the most innovative companies in the world and… future owner of Twitter?

While the nuances of this deal are daily fodder for folks on social media, in reality, there is a specialized court where legal issues and challenges related to Musk’s acquisition of the social media giant will be hashed out: the Delaware Court of Chancery.

But first, some background. Delaware’s Chancery Court has existed since 1792, although the principles and concepts upon which the court is based date back to 16th century England. By its own description, the court is “widely recognized as the nation’s preeminent forum for the determination of disputes involving the internal affairs of the thousands upon thousands of Delaware corporations and other business entities through which a vast amount of the world’s commercial affairs is conducted. Its unique competence in and exposure to issues of business law are unmatched.”

If you’ve ever wondered why so many companies are incorporated in Delaware, there’s a good chance it has to do with the Chancery Court. The state has developed an international reputation for the quality of its corporate governance laws and business dispute resolution system. These attributes, along with offering certain tax benefits to corporations, make incorporating in Delaware attractive.

Companies incorporated in Delaware include everything from DuPont and Nassau Valley Vineyards to—you guessed it—Twitter.

Already, litigation has been filed in the Delaware Court of Chancery by a Florida pension fund seeking to block Musk’s acquisition of the social media platform. We can expect other legal actions to make their way through this court as well.

Specialized business courts—like the Delaware Court of Chancery—can be an important addition to a state’s economic foundation. These courts quickly and expertly handle complex business litigation, freeing up other courts to handle other types of cases. 

So, what’s stopping business-friendly Texas from adopting a similar specialized court to bolster our position as the best place to live, work and run a business? Not much, other than action by the Legislature.

HB 1875 (Landgraf) was filed in the 2021 legislative session, creating a specialized business court in the Lone Star State. That bill, however, did not make it through the process. Additionally, last year, the TLR Foundation conducted research and published a paper on the makeup and characteristics of various specialized business courts across the country. 

TLR has advocated for the creation of this type of specialized business court in Texas, including supporting Rep. Landgraf’s bill last session. We will be discussing this issue with lawmakers ahead of the 2023 legislative session because it is clear to us that a court of this caliber can have a significant impact on Texas’ national economic reputation.

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Texans for Lawsuit Reform

3 days ago

Texans for Lawsuit Reform

A great turnout at our 88th Legislative Session Lunch & Learn today! Thanks to all the legislative staffers who joined us to hear about TLR’s agenda this session. ... See MoreSee Less

A  great turnout at our 88th Legislative Session Lunch & Learn today! Thanks to all the legislative staffers who joined us to hear about TLR’s agenda this session.Image attachment
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Texans for Lawsuit Reform

3 days ago

Texans for Lawsuit Reform

In case you missed it: Check out the TLR Advocate to read our top priorities for the 88th legislative session, guest columns, and an update on the expanding TLR team. Read and share: bit.ly/3ZHdEva ... See MoreSee Less

In case you missed it: Check out the TLR Advocate to read our top priorities for the 88th legislative session, guest columns, and an update on the expanding TLR team. Read and share: https://bit.ly/3ZHdEva
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Texans for Lawsuit Reform

4 days ago

Texans for Lawsuit Reform

Public nuisance lawsuits have expanded beyond their traditional use into a way to regulate through litigation. TLR is dedicated to preventing the public nuisance doctrine from becoming a catch-all cause of action used to impose one person’s political views on society as a whole. Read and share: bit.ly/3ZHdEva ... See MoreSee Less

Public nuisance lawsuits have expanded beyond their traditional use into a way to regulate through litigation. TLR is dedicated to preventing the public nuisance doctrine from becoming a catch-all cause of action used to impose one person’s political views on society as a whole. Read and share: https://bit.ly/3ZHdEva
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lawsuitreform avatarTLR@lawsuitreform·
3 Feb 1621598756633288707

A great turnout at our 88th Legislative Session Lunch & Learn today! Thanks to all the legislative staffers who joined us to hear about TLR’s agenda this session. #txlege

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lawsuitreform avatarTLR@lawsuitreform·
3 Feb 1621539669228879873

#ICYMI: Check out the TLR Advocate to read our top priorities for the 88th legislative session, guest columns, and an update on the expanding TLR team. Read and share: https://bit.ly/3ZHdEva

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lawsuitreform avatarTLR@lawsuitreform·
2 Feb 1621267523164426242

TLR is working to make the Texas legal system fair, efficient, and accessible for all. Learn more: #txjustice #txcourts

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TLR's objective is to restore litigation to its traditional and appropriate role in our society. A lawsuit takes a heavy emotional and financial toll ...

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Texans for Lawsuit Reform
1701 Brun Street
Houston, Texas 77019

Ph. 713-963-9363
  • About TLR
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  • For the Record
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  • Invite a TLR Speaker
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  • Stay Informed
  • Contact TLR

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