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Elon Musk railed against Delaware. After a struggle, legislators agreed to slow lawsuits against controlling shareholders.

Opponents said the law would benefit billionaires and strip power from smaller investors. Proponents say it will preserve Delaware’s status as “America’s Corporate Capital.”

Signs on Delaware Avenue in Wilmington, Del., on March 14, 2025, urging opposition to Senate Bill 21, which was drafted by corporate lawyers and backed by Delaware Gov. Matt Meyer and legislative leaders, to make it harder for small groups of shareholders to sue corporations.
Signs on Delaware Avenue in Wilmington, Del., on March 14, 2025, urging opposition to Senate Bill 21, which was drafted by corporate lawyers and backed by Delaware Gov. Matt Meyer and legislative leaders, to make it harder for small groups of shareholders to sue corporations.Read moreJoseph N. DiStefano / Staff