Delaware Shows That Elon Musk Isn't Above the Law.

The article discusses a case involving Elon Musk and the state of Delaware. The authors of the article argue that the case demonstrates the application of equal justice, even to powerful CEOs. They explain that Delaware corporate law allows plaintiff law firms to bring cases on behalf of nominal plaintiff shareholders, which helps solve shareholders' collective-action problem. The authors also address criticisms of the case, stating that the judge found that not all relevant facts had been disclosed to the shareholders and that the compensation tied to earnings and stock-value benchmarks was likely to be met. They emphasize the nuance and respect for private ordering that Delaware's corporate judiciary is known for. The authors refute claims that the case is politically motivated, highlighting the independence of Delaware's judiciary. [Extracted from the article]