Dillard's Plans to Reincorporate in Texas Amid Unfavorable Delaware Court Rulings

Dillard's Inc. plans to reincorporate in Texas, citing unfavorable Delaware court rulings, tax liabilities, and increased litigation costs. The move follows other major companies like Tesla, Simon Property Group, and Trump Media & Technology Group, which have also reincorporated away from Delaware this year. The Little Rock-based retailer believes that Texas' statute-focused approach will foster more predictability, reducing costs and increasing competitiveness.