Multinational companies with operations in New York have been looking for opportunities to relocate operations to business-friendly Texas. The Texas Supreme Court, in Exxon Mobil Corp. v. Drennen, recently gave those companies another reason to do so. In an anticipated decision, the court allowed Exxon, which has operations in New York, to apply New York law to a stock forfeiture agreement with one of its Texas-based employees.

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