Delaware recently changed its corporate laws to make them more favorable to companies being sued by their shareholders and the mega-firm Wachtell, Lipton, Rosen & Katz was deeply involved in that process.

That's raising some eyebrows because Wachtell is also a go-to firm for companies in Delaware, often called the corporate capital of the world. Lawyers from other prominent firms, like Wilson Sonsini and Richards, Layton & Finger, also helped shape the law.

On this episode of our podcast, On The Merits, Bloomberg Law's Jennifer Kay and Roy Strom talk about what firms like Wachtell did in Delaware, what they stand to gain, and what all this has to do with Elon Musk's so-called "DExit."

Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.