TripAdvisor Ruling Eases ‘DExit’ Path for Corporate Departures

Delaware’s top court magnified the “DExit” debate last week with a decision that makes it easier for businesses led by powerful corporate insiders to leave the state, which has seen a wave of high-profile exits.

The ruling—rejecting damages for investors over TripAdvisor Inc.'s move to Nevada—came days after Delaware’s new governor floated legal reforms in response to revelations that Meta Platforms Inc., Dropbox Inc., and Bill Ackman’s Pershing Square are eyeing the off-ramps after a year of heated attacks on the state’s reach from Elon Musk.

Delaware remains home to nearly 70% of Fortune 500 companies, ...