Tag: Delaware

Tesla shareholder asks judge to keep company in Delaware

The Tesla shareholder who blocked CEO Elon Musk’s massive pay package has asked a Delaware judge to bar the company from reincorporating in Texas, which would move the pay dispute to the Lone Star State. On Wednesday, the legal team of Tesla shareholder Richard Tornetta asked Delaware Chancellor Kathaleen McCormick to stop the electric vehicle […]

Delaware bill to legalize human composting moves to governor’s desk

The Delaware legislature has approved legislation that would allow residents to compost dead bodies instead of traditional burial in a casket or cremation. Composting reduces the dead to soil using natural processes. As opposed to preservation using formaldehyde or cremation that releases carbon dioxide and mercury into the air, composting “uses large vessels to hold […]

Musk Pulls Out of Delaware, Heads to Nevada – HotAir

After a judge moved to strip Elon Musk of $55 billion dollars in compensation from Tesla, he went online and advised business owners to not incorporate in Delaware. He suggested they consider incorporating in either Texas or Nevada. Now, barely two weeks later, the world’s richest man has decided to take his own advice. Musk […]