See if You Can Count The Appalling Distortions in this Skewed, Gaslighting Defense of Delaware’s New Anti-Shareholder Legislation

A selection of the op-ed from Andrew M. Lubin, president of Delaware Financial Group and 25-year member of the Delaware Economic and Financial Advisory Council, or DEFAC with some of our comments. We note that in addition to the contorted logic and biased claims, it makes no substantive effort to respond to the concerns raised by the academics and investors, which only proves that he has none.

In response to legitimate concerns from the national business and legal community, leaders of the Delaware General Assembly introduced bipartisan legislation that restores the balance between fairness and efficiency that has enabled Delaware to claim its role as the preeminent jurisdiction for incorporation. [It opens with an unsubstantiated assertion. When a member of the Delaware business community says the legislation is “in response to legitimate concerns” it begs the question. Whose concerns? What makes them legitimate? In what way was the balance between fairness and legitimacy unbalanced and what made it become unbalanced?]

The state’s legal and business community has rallied around the legislation, which reflects the input from Delaware’s Corporation Law Council, a body composed of prominent Delaware corporate attorneys with a wide range of experience that is advocating for its passage. The Corporation Law Section of the Delaware bar endorsed the legislation by a 74%…