Musk-Linked Corporate Law Rewrite Would Stymie Investor Scrutiny

Investors taking aim at corporate wrongdoing will face a steeper climb in Delaware court if lawmakers adopt changes aimed at placating Elon Musk and other business titans.

The overhaul proposed by Delaware Gov. Matt Meyer (D) follows news of potential relocations by several major companies, including Meta Platforms Inc. The “DExit” trend remains a trickle so far, with opposing camps divided about whether the new measures would stanch the bleeding by giving dealmakers more leeway—or worsen it by undercutting the state’s elite courts.

Most of the attention is going to sections of Senate Bill 21 that would override legal guardrails ...