Elon Musk goes all-in on Texas over his $55 billion pay package rejection
The Dallas Morning News, January 31, 2024
- Here’s what happened: Elon Musk, the business magnate behind SpaceX and Tesla, is considering moving Tesla’s legal incorporation from Delaware to Texas.
- Musk’s decision comes after a Delaware judge nullified his $55 billion compensation package.
- What’s new in Texas: This September, Texas’ specialized business court–a critical economic development tool that will increase efficiency and expertise in complex commercial litigation—comes online in the major metropolitan areas of the state.
- Highly qualified expert judges serving on this court will ensure these complicated and nuanced business cases are handled fairly, consistently and expediently. Read more in the TLR Advocate
- Highly qualified expert judges serving on this court will ensure these complicated and nuanced business cases are handled fairly, consistently and expediently. Read more in the TLR Advocate
Gov. Abbott weighing in after 87% of respondents voted in favor of Tesla moving its corporation to Texas.
- TLR Thoughts: Texas’ new specialized business court will streamline the resolution of complex business disputes, building a comprehensive body of case law and giving Texas companies a home-grown venue to litigate their disputes… instead of having to go to Delaware or use closed-door arbitration.
Read the full article here.