Michael Hiltzik: Who's really on the hot seat in the Musk/Twitter fight? This little-known Delaware court
Most non-lawyers probably have no idea that the Delaware Chancery Court even exists. Thanks to Elon Musk and Twitter, it's about to become world-famous.
The Delaware court is the principal forum for legal disputes involving public corporations in the U.S. That's because most corporations take advantage of the state's corporation-friendly laws and procedures by incorporating in Delaware, which gives the chancery court jurisdiction over a huge universe of business disputes.
If you're a corporate lawyer, you better have the court's procedures and precedents at your fingertips. if you're anyone else, its rulings on contract law are snooze-inducing.
That's about to change because both Twitter and Tesla, the shares of which constitute the bulk of Musk's wealth, are incorporated in Delaware.
You'll be hearing a
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