What happened: Delaware’s long-standing dominance as the go-to state for corporate litigation is facing growing competition, as Texas, Oklahoma and Nevada move to attract businesses with new courts and more predictable legal environments. 

Tell me more: Frustration with recent Delaware court decisions and rising uncertainty around shareholder litigation has prompted several high-profile companies to relocate their incorporation to more pro-business states. 

What about Texas: Texas has already opened its specialized business court and enacted TLR-backed, bipartisan legislation that raises the threshold for filing shareholder derivative lawsuits, limits certain shareholder records requests and provides greater legal protections for corporate officers and boards.

TLR Thoughts: TLR is proud to support legislation that ensures Texas remains the best place in the country to do business. The reforms adopted during the 89th Texas Legislative Session are part of a long-term, strategic effort to make Texas the preferred home for companies that value legal clarity and a fair and efficient civil justice system.

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