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Meta considers leaving Delaware, Dropbox announces DE departure

Teslarati

Meta, the parent company of social media giants like Facebook and Instagram, is reportedly exploring options to change its legal home from Delaware to Texas. The company is also looking at other states for this legal shift, the WSJ reported. ALERT: Meta is preparing to Leave Delaware and incorporate in another state!

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Judge in Musk pay package case warned of massive legal fee windfall

Teslarati

The judge in the Elon Musk pay package case is being warned by the Delaware High Court that the massive legal fee windfall is a major risk. The Delaware High Court told McCormick earlier this month that these massive paydays can “turn into a windfall,” according to a report from Reuters. I’d love to hear from you!

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Tesla will get Elon Musk his pay package ‘one way or another’: analyst

Teslarati

Tesla CEO Elon Musk will get his $56 billion pay package from the company “one way or another” after Delaware Chancery Court Chancellor Kathaleen McCormick denied the massive compensation for a second time on Monday night. ” Shares are down just over two percent at 12:30 p.m. on the East Coast. on the East Coast.

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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). Li-ion maker A123 Systems, Inc. Earlier post.). Earlier post , earlier post.)

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Musk responds to pay case lawyers requesting $6 billion in Tesla shares

Teslarati

Elon Musk has responded to lawyers in the recent Delaware case regarding his Tesla compensation package, after the attorneys this week requested legal awards of 29 million Tesla shares — worth almost $6 billion. Best to get out of Delaware as soon as possible possible. Following the decision to void Musk’s $55.8

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Visteon Files for Chapter 11 Reorganization in United States

Green Car Congress

Global automotive supplier Visteon Corporation and certain of its US subsidiaries voluntarily filed petitions for relief under Chapter 11 of the US Bankruptcy Code. The petitions were filed in the US Bankruptcy Court for the District of Delaware. No Visteon subsidiaries or joint ventures outside the US are part of the filing.

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How Tesla shareholders are voting on Musk’s 2018 pay package

Teslarati

Tesla investors currently have the chance to vote on a number of proposals for the company’s upcoming shareholder’s meeting, with CEO Elon Musk’s 2018 pay package hanging in the balance after it was struck down by a Delaware judge. ” What are your thoughts?

2018 141