Trade Desk’s Jeff Green Sued Over Delaware-to-Nevada Relocation

Billionaire Jeff Green is trying to shift Trade Desk Inc.'s corporate home to Nevada in a bid to outrun Delaware laws that restrict insider self-dealing, according to a lawsuit challenging the move.

A shareholder is suing Green and other board members, saying they’re misleading investors about the approval required for several charter amendments, particularly an expansive liability shield for the tech company’s leaders. Disclosures suggesting Green can make the changes nearly on his own—through his 49% voting power—will dissuade stockholders from weighing in on proposals that actually require two-thirds support, according to the proposed class action.

The court complaint, filed ...