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TransPerfect Buyer Alleges Fleecing by Lawyer, Credit Suisse (2)

Nov. 10, 2022, 9:07 PMUpdated: Nov. 10, 2022, 11:18 PM

Credit Suisse Securities (USA) LLC and the attorney who shepherded the sale of translation-services company TransPerfect Global Inc. drove up the price by $70 million by falsely citing other offers, according to a suit by the winning bidder—a company controlled by a TPG co-founder.

TransPerfect Holdings LLC’s complaint, filed Wednesday in the US District Court for the District of Delaware, is the latest salvo against Robert Pincus, a former partner at Skadden, Arps, Slate, Meagher & Flom LLP, over his role as the custodian for the court-ordered sale of TransPerfect Global. The translation giant recently lost a challenge in the ...