Posted on 03/27/2025 6:57:50 AM PDT by V_TWIN
The nation's largest shopping mall owner said it's leaving Delaware as its state of incorporation, citing concerns of increasingly woke behavior by courts.
Simon Property Group, an S&P 500 company valued at $60 billion, last week said it could no longer rely on Delaware courts, which now allow for "meritless litigation" and "judicial interpretation without a clear statutory bias," Law.com reported.
The move mirrors Elon Musk's decision last year to move multiple companies, including Tesla and SpaceX, out of Delaware.
Delaware was once the gold standard for its corporate legal system.
But major corporations have joined Musk in his warnings that the blue state is simply too woke for any company to domicile there.
Recent press reports indicate corporate giants like Meta, parent of Facebook, and Walmart are preparing to move their domicile from Delaware.
Online player Dropbox quit Delaware recently and Coinbase chief legal officer Paul Grewal warned on X that "Delaware is at serious risk of losing its standing as the leading state of incorporation for American companies."
Billionaire Bill Ackman, CEO of Pershing Square Capital Management, said in an X post in early February that he planned to move his management company out of Delaware to reincorporate in Nevada or Texas.
(Excerpt) Read more at newsmax.com ...
One woman with an agenda against Elon allowed a so-called investor with 5 shares to file a lawsuit for billions against Elon’s pay and then ruled against him.
When the shareholders redid the pay, she ruled against him again. This was against established procedure. Elon got the award whitted down and then settled it making it the “new” established procedure.
The killed Delaware as a business friendly place. Many companies are moving as they will get sued if they do not as it leaves them susceptible to this new standard. The bleeding will not stop. Delaware is dead meat now.
No matter where you go, there you are...
I found this to be so true, Those running away from trouble don’t realize that most of the time, THEY are the trouble and they are bringing it with them.
I loved actual indoor malls back in the day, then they replaced with with nothing more than BIG strip malls. Those are not real malls to me.
I don’t go to these new gaint strip malls because like you said, the convenience was being all indoor.
Delaware is the Big Guy’s state. Don’t abandon him, y’all.
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