TripAdvisor’s Move to Nevada Validated by Delaware Top Court (2)

TripAdvisor Inc.'s senior leaders succeeded Tuesday in overturning a landmark court decision that had raised the specter of money damages against companies moving away from Delaware.

The state’s top court reversed a ruling that said TripAdvisor’s controlling stockholder, chairman Greg Maffei, might be on the hook to pay shareholders if the relocation reduced its corporate value. Although the decision allowed the reincorporation, it was one of several rulings and statutory changes that raised eyebrows last year over how Delaware’s courts scrutinize corporate control.

Delaware is home to nearly 70% of Fortune 500 companies thanks to its traditionally robust and ...