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The Latest Breaking News from Delaware

Musk's $700bn Fortune Sets World Record After Tesla Pay Ruling

Elon Musk's fortune soared to $749bn after Delaware Supreme Court reinstated Tesla stock options worth $139bn in landmark pay package ruling.

International Business Times

Tesla CEO Elon Musk recovers $55 billion pay package in Delaware court ruling

Elon Musk, already the world’s richest man, scored another huge windfall Friday when the Delaware Supreme Court reversed a decision that deprived him of a $55 billion pay package that Tesla doled out in 2018 as an incentive for its CEO to steer the automaker to new heights

The Independent UK

Elon Musk’s massive 2018 Tesla pay package restored by Delaware court

Decision from state supreme court on deal once worth $56bn and now worth some $139bn overturns ruling that prompted angry Musk backlash

The Guardian - US

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Trump will travel to Delaware for return of National Guard members killed in Syria, White House says

President Donald Trump is traveling to Dover Air Force Base in Delaware this week for a dignified transfer for the two Iowa National Guard members killed Saturday in an attack in the Syrian desert that is testing the rapprochement between Washington and Damascus

The Independent UK

I Asked ChatGPT To Find the Best Places To Retire With Zero Sales Tax

Forty-five states have sales tax, which means five do not — good news if you're looking to cut down on how much you pay in taxes once you retire.

GOBankingRates

University of Delaware student arrested on allegations of plotting an attack against campus police

Authorities say a University of Delaware student was arrested after police found a handgun, ammunition and written plans for an attack in his vehicle

The Independent UK

How Well Do You Know Delaware Statutory Trusts? Test Your Knowledge

Real estate investing pro Daniel Goodwin recently wrote about Delaware statutory trusts for Adviser Intel. Find out if you understand how DSTs work.

Kiplinger

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Delaware Faces Corporate Exodus as Firms Seek Legal Certainty Elsewhere

The trend, dubbed "D‑Exit," is fueled by growing concerns over litigation risk, unpredictable court rulings, and rising costs, a shift that could reshape American corporate governance.

International Business Times

Coinbase's Choi sees more companies leaving Delaware

Coinbase has already left Delaware for Texas.

Axios

Google's 'Hubris' Bashed By Influencer's Attorney After Chatbot Allegedly Defamed Client: 'Rank Falsehood And Victim Blaming'

Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Google has asked a Delaware state court to dismiss a lawsuit filed by conservative influencer Robby Starbuck.

Benzinga

I'm a Real Estate Investing Pro: This High-Performance Investment Vehicle Can Move Your Wealth Up a Gear

Leave online real estate investing to the beginners. Accredited investors who want real growth need the wealth-building potential of Delaware statutory trusts.

Kiplinger

Elon Musk Urges 'Move' To Austin After Coinbase Follows Tesla To Texas

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk on Wednesday renewed his attacks on Delaware's corporate regime after Coinbase Global Inc. (NASDAQ:COIN) said it will follow Tesla and SpaceX in abandoning the state as its legal home and reincorporate in Texas.

Benzinga

Elon Musk’s $1 trillion pay package was the result of a race to the bottom among states with weak corporate governance laws

Also: All the news and watercooler chat from Fortune.

Fortune

How Tesla shareholders put Elon Musk on path to be world’s first trillionaire

A staggering compensation package has been approved – but what does Musk have to do to reap the full rewards?

The Guardian - US

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Benzinga

Pfizer Accuses Novo Nordisk Of Antitrust Violations In Metsera Takeover Battle

On Friday, Pfizer Inc. (NYSE:PFE) filed a lawsuit against Metsera, Inc. (NASDAQ:MTSR), its Board of Directors, and Novo Nordisk (NYSE:NVO) in a Delaware Court.

The Independent UK

How leaders of the MAHA movement benefit from anti-science advocacy and promise profits to industry

Powerful anti-vaccine advocates and people selling potentially harmful goods such as raw milk are profiting from the push to write anti-science policies into law across the U.S. They portray the Make America Healthy Again movement as grassroots, but it’s fueled by a web of well-funded national groups led by people…

Fortune

Why Europe needs a Delaware

Publicly traded companies started in Europe in the past 50 years are valued nearly 70 times less than their U.S. counterparts. It's time for change.

InsideEVs

Inside Kia's Plan To Win With Affordable EVs

Kia plans 200,000 cheap EVs every year, Elon Musk's $56 billion pay is back in the courts, and Waymo heads to London.

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Benzinga

Tesla Urges Delaware Supreme Court To Restore Elon Musk's $56 Billion Pay Package Ahead Of Next Month's Shareholder Meeting

Tesla Inc. (NASDAQ:TSLA) has urged the Delaware Supreme Court to restore CEO Elon Musk's $56 billion pay package it struck down in 2024.

Barchart

Wolfspeed Just Reincorporated in Delaware. Does That Make WOLF Stock a Buy?

A change of home location has come for this long struggling semiconductor company.

Benzinga

Why Are Iron Horse Acquisitions Corp Shares Surging Over 83% Overnight?

Iron Horse Acquisitions Corp. (NASDAQ:IROH) shares rose 83.37% to $7.50 in after-hours trading.Check out the current price of IROH stock here. The surge followed the company’s announcement that it had finalized its business merger with Rosey Sea Holdings Limited and China Food Investment (CFI). China Food Investment, the parent company…

Barchart

Dear Wolfspeed Stock Fans, Mark Your Calendars for September 29

Wolfspeed announced plans of relocating its incorporation from North Carolina to Delaware. Here’s how that might help WOLF stock.

International Business Times UK

Families Sue Boeing Over Air India Horror Crash That Killed 260 — Say 'Faulty Switches' Turned Plane Into Fireball

Families of victims from the Air India Flight 171 crash that killed 260 people are suing Boeing and Honeywell in Delaware, alleging defective fuel switches caused both engines to shut down, turning the 787 Dreamliner into a fireball.

Euronews

Microsoft deal brings OpenAI closer to becoming a for-profit firm

OpenAI is hoping to restructure itself into a for-profit company, although the move still requires approval from regulators in California and Delaware.

Kiplinger

The Risks of Forced DST-to-UPREIT Conversions, From a Real Estate Expert

Some new Delaware statutory trust offerings are forcing investors into 721 UPREIT conversions at the end of the hold period, raising concerns about loss of control, limited liquidity, opaque valuations and unexpected tax liabilities.

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