Delaware Chancery Court
Coverage of Delaware Chancery Court in the Nexus archive.
- Delaware Chancery Court to rule on Wilmington City Council’s bid to oust member who switched political parties
Delaware Chancery Court Chancellor Kathaleen McCormick is reviewing a dispute over whether Wilmington City Councilman James Spadola violated the city charter by switching from Republican to Democrat in October 2025. The council voted to declare his seat vacant after he refused to revert to Republican, citing opposition to President Donald Trump’s policies. The case centers on charter provisions regarding qualifications for office.
- Elon Musk bullet-proofed his $1 trillion ‘Mars-shot’ pay at SpaceX after the epic battle over his $56 billion moonshot at Tesla
Elon Musk's SpaceX pay package, potentially worth $1.1 trillion, is structured to avoid legal challenges faced during his Tesla compensation. The package is outlined in SpaceX's IPO registration and protected by Texas incorporation, requiring significant shareholder ownership to challenge. The performance targets, including a Martian colony and extraterrestrial data centers, are deemed improbable by SpaceX itself.