... I mean, misleading investors being a problem isn't an exclusively Delawarian problem. Delaware's key difference is that it has comparatively fast and efficient courts, so you might drag it out longer elsewhere, but in general, if you are a company, you should plan on avoiding lying to shareholders.
Realistically, if a jurisdiction allowed the blatant ripping off of shareholders, companies in that jurisdiction wouldn't be seen as investable, so most jurisdictions will avoid that. Would you invest in a company which has just moved out of Delaware for the purposes of avoiding the high quality of shareholder protection offered by Delaware? Like, that seems like asking for trouble.
> due to a missing one sentence disclaimer on a proxy statement?
Realistically, if a jurisdiction allowed the blatant ripping off of shareholders, companies in that jurisdiction wouldn't be seen as investable, so most jurisdictions will avoid that. Would you invest in a company which has just moved out of Delaware for the purposes of avoiding the high quality of shareholder protection offered by Delaware? Like, that seems like asking for trouble.
> due to a missing one sentence disclaimer on a proxy statement?
That wasn't the case here.