Delaware Governor Defends Corporate Law Overhaul in Court (2)

Delaware Gov. Matt Meyer (D) moved Friday to enter a brewing court fight over the legal overhaul he spearheaded earlier this year shifting corporate power toward influential insiders like Elon Musk and Mark Zuckerberg.

Meyer sought permission to join litigation targeting Dropbox Inc.'s relocation to Nevada, one of several high-profile “DExits” that led him to introduce state Senate Bill 21 on an aggressive fast track. The changes lowering judge-made guardrails around self-dealing divided Delaware’s legal community during their six-week rollout but ultimately sailed through the legislature before taking effect March 26.

The state has a “strong and compelling ...