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The Latest Breaking News from Delaware

Mattress chain store operating in five states files for bankruptcy

American Mattress filed for Chapter 11 bankruptcy in Delaware, affecting only its 52 stores in Illinois and Indiana.

The Independent UK

Byju Raveendran held guilty of contempt by US court, civil sanctions imposed

Byju Raveendran held guilty of contempt by US court, civil sanctions imposed

Byju Raveendran, the co-founder of ed-tech giant BYJU’s, was held guilty of contempt by the Delaware Bankruptcy Court in the US on Monday, July 7. The court also imposed civil sanctions worth USD 10,000 per day on him beginning July 1. Byju had maintained that the Delaware court does not…

Texas, Oklahoma and Nevada make changes to lure business amid Delaware’s ‘Dexit’ concern

Texas, Oklahoma and Nevada make changes to lure business amid Delaware’s ‘Dexit’ concern

Changes approved recently by lawmakers in Texas, Oklahoma and Nevada could help their states lure some of the big-money legal business that Delaware and its specialized court have dominated as the world’s incorporation capital

The Independent UK

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Amber alert issued for 3-year-old girl who was kidnapped at gunpoint

Nola Dinkins, 3, was allegedly abducted at gunpoint in Newark, Delaware, on Tuesday and is now the subject of an Amber alert.

The Independent UK

721 UPREIT DSTs: Real Estate Investing Expert Explores the Hidden Risks

Potential investors need to understand the crucial distinction between a REIT's option to buy a Delaware statutory trust's property and its obligation.

Delaware lawyers are winning fee 'multipliers' as high as 66 times their hourly rate, study reveals

Could that bring about a corporate DExit from the state?

Eight Ways to Financially Plan Your Way Through Challenging Times

A chief wealth strategist makes some suggestions about how to better position yourself financially while coping with economic uncertainty.

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Shipment of thousands of chicks found abandoned in USPS truck now overwhelming an animal shelter

Shipment of thousands of chicks found abandoned in USPS truck now overwhelming an animal shelter

More than 12,000 chicks at a Delaware distribution center were found left in a USPS truck for more than three days

The Independent UK

Why Big Companies Are Ditching Delaware: Is the Corporate Capital Losing Its Grip?

Why Big Companies Are Ditching Delaware: Is the Corporate Capital Losing Its Grip?

'Dexit' could fear a decline in Delaware's state revenue, which includes earnings from fees and taxes from establishing businesses.

International Business Times UK

Defunct media startup The Messenger settles class action lawsuit with former employees for $4.5 million

Defunct media startup The Messenger settles class action lawsuit with former employees for $4.5 million

‘This settlement will not result in immediate payment to the class members, because Defendant’s assets are being liquidated in a separate proceeding in Delaware state court,’ the settlement agreement notes.

The Independent UK

Forecasters warn of fire risk amid low humidity, wind gusts as Pine Barrens fire burns

Forecasters warn of fire risk amid low humidity, wind gusts as Pine Barrens fire burns

Forecasters are warning of low humidity and gusty wind increased the risk fire could spread across parts of New Jersey, Philadelphia and its suburbs and Delaware as firefighters continued to battled a vast wildfire in the Pine Barrens

The Independent UK

Ex-OpenAI employees sign open letter to California AG: For-profit pivot poses ‘palpable threat’ to nonprofit mission

Ex-OpenAI employees sign open letter to California AG: For-profit pivot poses ‘palpable threat’ to nonprofit mission

In a new letter to the California and Delaware attorneys general, former OpenAI insiders and AI luminaries warn the company’s restructuring threatens its original mission—and the public’s stake in AGI

As Manufacturing Grapples, Strategic Value+ Embraces the Digital Transformation to Build a Smarter Future

As Manufacturing Grapples, Strategic Value+ Embraces the Digital Transformation to Build a Smarter Future

Headquartered in Delaware, Strategic Value+ operates all the way from the West to the East Coast, empowering all US manufacturers to boost their strategies with efficiency and innovation.

International Business Times

‘If there’s fascism, we need to call it out’: Delaware governor on post-Biden world

‘If there’s fascism, we need to call it out’: Delaware governor on post-Biden world

Matt Meyer finds himself playing Whac-a-Mole as he deals with Trump’s capricious actions while pursuing an ambitious agenda of his own

The Guardian - US

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The Independent UK

Newsmax defamed Dominion Voting Systems, Delaware judge rules

Newsmax settled similar defamation case with Smartmatic last year

The Independent UK

Delaware was rattled by Big Business moving their legal homes. Here's a look by the numbers

Delaware is poised to give corporate officers more protections in its courts against shareholder lawsuits after criticism by business titans that rattled top public officials in what is called the world's corporate capital

The Independent UK

Corporate capital Delaware is changing its law in fight pitting corporate insiders vs. investors

Delaware lawmakers are putting aside protests from big investors and approving fast-tracked legislation that backers say will protect its status as the world's corporate capital

The Guardian - US

House hearing ends abruptly after Republican misgenders trans member

Heated exchange after subcommittee chair Keith Self calls first out trans representative Sarah McBride ‘Mr McBride’

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A Little-Known Tax Buster for Rich Retirees: Zero-Coupon DST

Maybe you've heard of using Delaware statutory trusts to defer taxes on real estate investments, but zero-coupon DSTs take those benefits a step further.

69PWNDU License Plate PWN'd by Tennessee Supreme Court

A short excerpt from today's long decision by Justice Sarah Campbell in Gilliam v. Gerregano (note that Sarah Martin and… The post 69PWNDU License Plate PWN'd by Tennessee Supreme Court appeared first on Reason.com.

Elon Musk pay package: Can Tesla law firm change Delaware law?

With help from famed former judge Leo Strine, Delaware lawmakers have raced to propose a bill friendlier to controlling stockholders as the state scrambles to protect its $2 billion legal economy.

Elon's 'Daily Proctology Exam'

Plus: Vance's AI speech, bubble boy playgrounds, Delaware antagonizes founders, and more...

Elon Musk and Bill Ackman are pulling out of Delaware. Now the state is scrambling to protect its $2 billion legal economy

Big names like Tesla and Dropbox have already left, and Meta is looking to do the same.

Six Risks of Delaware Statutory Trusts in 1031 Exchanges

Here's how proper preparation can help you successfully navigate these DST risks, from market uncertainties to structural limitations.

Delaware Man Loses Wife And Son In Tragic Collision

Tragic incident at Reagan National Airport claims the lives of Julia and Sean Kay, leaving a community mourning their vibrant personalities and diverse tal...

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