A Delaware judge sharply criticized a major overhaul of corporate law—shifting legal power toward business leaders like Elon Musk—saying the legislation drew arbitrary bright lines that will undermine the predictability it’s meant to foster.

Delaware lawmakers are putting aside protests from big investors and approving fast-tracked legislation that backers say will protect its status as the world's corporate capital

Delaware Gov. Matt Meyer swiftly signed a bill reworking provisions in Delaware's corporate code after the state House of Representatives signed off.