Legal

Delaware’s Famed Business Court Gets a Hard Look From Governor as Musk, Ackman Leave

Pershing Square, Meta and others consider moving legal homes
Governor may propose changes to state’s famed business court

Delaware Governor Matt MeyerPhotographer: Pamela Smith/AP Photo

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By Jef Feeley and Michael Leonard (Bloomberg Law)

February 4, 2025 at 2:00 PM UTC

Updated on

February 4, 2025 at 8:01 PM UTC

This article is for subscribers only.

For more than a century Delaware has boasted the premier US business court, as legal home to most Fortune 500 companies and the nation’s biggest corporate battles.

Now that status is increasingly being challenged after Elon Musk moved his companies’ incorporation from the state and as Meta Platforms Inc., Dropbox Inc. and Bill Ackman’s Pershing Square Capital Management do or consider doing the same. Delaware’s new governor, Matt Meyer, says he is stepping in.