>>...explain why this is a big deal. If in fact it is. <<
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It’s hard for me to get past the fake conspiracy crap about Delaware being “the epicenter of U.S. corporate secrecy.”
The truth is that corporations choose Delaware because Delaware has a sophisticated body of business and corporation law (statute and case) and a state judiciary branch that specializes in business law. It is simply offers advantages for companies wishing to engage in sophisticated financial transactions such as the sale of securities (equity and debt offerings) and mergers & acquisitions.
Nothing to see here, folks.
For that matter, Cayman Islands is not sinister either. They DO NOT knowingly handle the money of criminals including drug cartels, and they cooperate fully with the U.S. IRS amongst other agencies. ALL LEGAL. There are other places where crooks and criminals go to hide their money.
nite