Birdwatch Note Rating
2024-02-13 06:37:18 UTC - NOT_HELPFUL
Rated by Participant: F36E0D86764A6824ADF676E3F9484AE8B1C3C0C320D44D058F7F72B1D0E7032B
Participant Details
Original Note:
A lawsuit was filed by Tripadvisor shareholders to block a planned move to Nevada meant to avoid Delaware’s more stringent legal standards. A move to Nevada, a "no-liability" regime, would potentially allow Tripadvisor to avoid fiduciary liability. No doors were locked. https://www.marketwatch.com/story/tripadvisor-lawsuit-shines-light-on-companies-moving-to-nevada-to-escape-delawares-more-stringent-corporate-laws-9f909448 https://www.reuters.com/legal/government/column-new-tripadvisor-suit-delaware-lawyers-deride-nevadas-no-liability-regime-2023-04-24/
All Note Details