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Tripadvisor can reincorporate in Nevada, Delaware judge says, but can still face shareholder lawsuit
TRIPTripAdvisor(TRIP) Market Watch·2024-02-21 09:41

Tripadvisor Inc. can move its incorporation from Delaware to Nevada, a judge said Tuesday, but shareholders will be allowed to seek damages from the move. Delaware Chancery Court Judge J. Travis Laster declined to block the company’s move, but also denied Tripadvisor’s TRIP, +0.64% motion to dismiss a lawsuit brought last year by shareholders claiming a move would be unfair to investors because of less-stringent corporate standards in Nevada. That suit had hoped to persuade the Delaware Chancery Court to ...