Transperfect Global Inc. must pay a $30,000 contempt fine per day until it drops a Nevada lawsuit challenging fees charged by a former Skadden partner appointed to run the translation company’s forced sale, a Delaware Chancery Court judge ruled Oct. 17.
Chancellor Andre G. Bouchard held in 2015 that co-founders Phil Shawe and Liz Elting were incapable of running Transperfect after their romantic relationship ended. He appointed Robert B. Pincus of Skadden Arps Slate Meagher & Flom to serve as the company’s custodian and tiebreaking director.
The state’s top court affirmed, upholding the judge’s authority to order the sale ...
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