Texas would be the proper venue for claims of corporate wrongdoing by Elon Musk as Tesla Inc.‘s CEO, Delaware’s elite trial-level business court ruled Monday, dismissing litigation filed just as the electric vehicle-maker reincorporated in 2024.
“I will not second-guess Tesla stockholders’ chosen forum by purporting to weigh the advantages and disadvantages of Texas law and procedure relative to our own. The owners of the corporation voted to require that derivative litigation be filed in a Texas forum. On the present facts, it is not inequitable to enforce their decision,” Vice Chancellor Bonnie W. David said in a 25-page …
