Musk's legal fights likely to boost longshot Texas bid to become court hub

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Musk's legal fights likely to boost longshot Texas bid to become court hub - Business Standard

Quick Summary:

In the past decade, many public companies have adopted corporate charters or bylaws that include “forum selection” clauses, requiring shareholder lawsuits to be filed in a specific venue — typically the court within their state of incorporation.

But speculation is mounting that litigious newcomers like Musk could help Texas pull off what has so far been the impossible and dethrone Delaware as a court hub.

If it does, business court judges and in some cases ordinary Texans could find themselves at the forefront of key decisions on issues critical to global companies.