TripAdvisor shareholders may continue with their case challenging the company’s conversion from Delaware to Nevada, Vice Chancellor J. Travis Laster decided Tuesday.
The 52-page opinion addresses when minority shareholders can ask the Court of Chancery to weigh in on the fairness of conversion, an issue that’s generated conversation recently amid Elon Musk’s announcement of Tesla’s reincorporation in Texas six days earlier, following the Chancery decision invalidating his $56 billion compensation plan.
