reincorporate outside of the state.
As CNBC previously reported, authors of SB 21 included Richards, Layton & Finger, a corporate defense firm that counts Musk and Tesla as clients. It was co-written by Delaware Law School professor Lawrence Hamermesh, as well as Chandler, the ex-chancellor, and former Delaware Supreme Court Justice Leo Strine.
Strine works for Wachtell, Lipton, Rosen and Katz, which is representing Zuckerberg in a separate matter tied to the company's involvement in the 2018 Cambridge Analytica scandal. In 2019, Meta agreed to pay a $5 billion fine to settle related charges with the Federal Trade Commission.