CEOs Rethink Delaware incorporations

This is a Delaware news story, published by Yahoo Finance, that relates primarily to Dropbox news.

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Delaware business court

Yahoo Finance

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US Politics

More Musk-like 'Dexits' pose fresh threat to Delaware's corporation crown

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Meta, Dropbox , Pershing Square Capital Management, Trade Desk , Fidelity National Financial , and Sonoma Pharmaceuticals have all floated plans to move their companies out of Delaware .

Musk-led companies Tesla , SpaceX, the Boring Company , Neuralink, and X that left or are trying to leave Delaware .

For roughly the last century , Delaware has been the dominant place to incorporate because of its so-called corporate-friendly laws.

Israeli technology investor Itzik On is another executive moving his companies out of Delaware .

He says he is frustrated with the Chancery Court .

On claims the court allowed an investor and shareholder in his now-dissolved healthcare startup, Movado PT Technologies , to maintain a derivative claim against him.

On is appealing their case to the Delaware Supreme Court .

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