Vice Chancellor J. Travis Laster, ruling Tuesday on a motion to dismiss, said the litigation rights provided to shareholders by Nevada law “are inferably less than what Delaware provides,” calling into question the fairness of the move. The investor lawsuit argues the relocation is designed to better shield company directors—including Greg Maffei, the chairman of TripAdvisor’s parent company—from investor suits.
Still, an injunction is “off the table,” Laster said. Should ...