Elon Musk goes all-in on Texas over his $55 billion pay package rejection

• Here’s what happened: Elon Musk, the business magnate behind SpaceX and Tesla, is considering moving Tesla’s legal incorporation from Delaware to Texas.
  • Musk’s decision comes after a Delaware judge nullified his $55 billion compensation package.
• What’s new in Texas: This September, Texas’ specialized business court–a critical economic development tool that will increase efficiency and expertise in complex commercial litigation—comes online in the major metropolitan areas of the state.

  • Highly qualified expert judges serving on this court will ensure these complicated and nuanced business cases are handled fairly, consistently and expediently. Read more in the TLR Advocate

    

  • Gov. Abbott weighing in after 87% of respondents voted in favor of Tesla moving its corporation to Texas.

• TLR Thoughts: Texas’ new specialized business court will streamline the resolution of complex business disputes, building a comprehensive body of case law and giving Texas companies a home-grown venue to litigate their disputes… instead of having to go to Delaware or use closed-door arbitration.

Read the full article here.