As Musk and Ackman Snub Delaware, Governor Looks at Court (1)

For more than a century Delaware has boasted the premier US business court, as legal home to most Fortune 500 companies and the nation’s biggest corporate battles.

Now that status is increasingly being challenged after Elon Musk moved his companies’ incorporation from the state and as Meta Platforms Inc., Dropbox Inc. and Bill Ackman’s Pershing Square Capital Management do or consider doing the same. Delaware’s new governor, Matt Meyer, says he is stepping in.

Meyer, a Democrat, said in an interview Monday that he is weighing changes to the way business disputes are handled in Delaware. He ...