Musk buying the Delaware legislature and courts to corrupt corporate law.

[no_hypocrisy]

And you thought ALEC was bad . . . .

[Delarage]

1. OMG

I'm going to rally my friends here in Delaware to reach out to our reps and the governor!

I'm sure this is happening everywhere---I had not even heard of it. I'm convinced they try to distract us all with "Invade Canada" talk while they're in the backrooms buying off people. I hate them all.

[Irish_Dem]

2. No one should be so rich they can buy the entire USA.

[PortTack]

3. The bill if passed does not give muskrat a retroactive right to the 56 billion he lost from his board

Delaware Senator Bryan Townsend, the new bill’s sponsor, notes it isn’t retroactive and won’t change the rulings against Elon Musk and Tesla. That’s despite Tesla still appealing the court’s decision after two attempts to have it overruled.

Townsend also claimed the new bill “has nothing to do with Elon Musk.” While it’s true the bill doesn’t affect Musk or Tesla, his decision to leave Delaware after losing the pay package lawsuit sparked the state’s current troubles.


https://markets.businessinsider.com/news/stocks/delaware-lawmakers-want-to-avoid-another-tesla-elon-musk-situation-with-a-new-bill-1034374213?op=1

[Wiz Imp]

4. This article seems to contradict that

A Delaware Law school professor implies that some Supreme Court decisions would be overturned. Why would they be overturned if it wasn't retroactive? He does say that most cases cited to be overturned would not be, but he doesn't say none would be overturned.

https://www.delawarepublic.org/politics-government/2025-03-14/controversial-corporate-law-bill-sails-through-delaware-senate

Delaware Law School Professor Emeritus and former Director of the Widener Institute of Delaware Corporate and Business Law Larry Hamermesh, brought forward as an expert witness by Sen. Townsend, refutes the idea that a mass amount of cases — excluding Match Group — would be overturned if the bill were to be implemented.

"I claim that this is a matter of incremental course corrections, not radical, throwing the courts under the Bus. Courts will still very much have a role. And you may have seen a list of supposedly 30-odd cases from the Delaware Supreme Court that are going to get overturned by this statute. I've looked at that list, and I'm happy to answer questions about it, but the large majority of those cases — they're not going to be overturned," he told the Senate Judiciary Committee.

[Wiz Imp]

5. Something isn't right here:

https://www.delawarepublic.org/politics-government/2025-03-14/controversial-corporate-law-bill-sails-through-delaware-senate

The bill narrowly cleared the Senate Judiciary Committee and passed unanimously in the State Senate among members present.

Reports are it passed the senate 20-0 (There are only 21 members of the Senate). So if it narrowly cleared the Judiciary committee, that means multiple people had to change their vote from NO in the committee to YES in the full Senate. Why would they do that? Certainly seems suspicious to me.