General Counsel at Company Considering Leaving Delaware Warns of Delaware “Activist” Judges
Dear Friends,
The general counsel of Delaware company Archer Aviation is cautioning public companies in America’s First State to rethink whether it is wise for them to stay incorporated in Delaware.
Archer’s Eric Lentell is telling others that Delaware judges “have become kind of activist in nature.”
If that isn’t an indictment against Delaware, Chancery Court Chancellor Kathaleen McCormick and what has been going on in her court, I don’t know what is, folks! Please share your feedback, which is always valued and appreciated.
Please see the note below from X’s Leave Delaware account.
🚨🚨🇺🇸BREAKING: Archer Aviation(NASDAQ: ACHR), a publicly traded company with a Market Cap of $6.23 BILLION, announced consideration to LEAVE DELAWARE for Texas
Eric Lentell, General Counsel of Archer, urges other public companies to rethink Delaware as their home for… pic.twitter.com/D4uFL8Xwuf
BREAKING: Archer Aviation (NASDAQ: ACHR), a publicly traded company with a Market Cap of $6.23 BILLION, announced consideration to LEAVE DELAWARE for Texas
Eric Lentell, General Counsel of Archer, urges other public companies to rethink Delaware as their home for incorporation. Warning that Delaware judges “have become kind of activist in nature”
Judson Bennett
Author
Captain A. Judson Bennett was a life- long resident of Lewes, DE. He served the maritime industry for 33 years, primarily as a Delaware River Pilot, guiding large ships to the Port of Philadelphia. Captain Bennett has been an active and consistent entrepreneur over the years.
He was elected as a Lewes City Councilman for 6 years. Afterwards he ran for the Sussex County Council as a Republican, and with 20 thousand people voting, lost Delaware’s closest election by 3 votes to an 8 year incumbent. Abandoning his personal political ambitions, he became the Republican District leader, advocating conservative values. Captain Bennett became a lobbyist in the state legislature advocating among many ideas, financial literacy concepts in education. He managed several political campaigns, including one for Governor of Delaware and one for the US Senate against VP Joe Biden. He is now the owner, operator, and writer for the Coastal Network which communicates regularly with over 6000 people throughout the State of Delaware.
Captain Bennett is a graduate of St. Andrew’s School in Middletown, DE (where the movie “The Dead Poet’s Society was filmed) and also graduated “Magna Cum Laude” from the University of Delaware with a BA in Criminal Justice and an MA in Liberal Studies.
He is now a Widower, living in West Palm Beach, Florida. Captain Bennett has one son, three grandchildren, and one great grand-daughter, all who live in Richmond, Virginia.
