Philip R. Shawe, co-CEO of New York-based translation company TransPerfect Global Inc., must pay more than $7.1 million to the company’s other co-CEO for alleged misconduct during the pair’s ongoing battle for control of the company (In re Shawe & Elting LLC, Del. Ch., C.A. No. 9661-CB, 8/19/16).
The Delaware Chancery Court’s Aug. 19 order follows a July 20 ruling in which the court sanctioned Shawe to pay co-chief executive officer Elizabeth Elting’s legal fees for allegedly lying to the court and obstructing discovery during the case140 SLD, 7/21/16, 140 CARE, 7/21/16, 48 SRLR 1499, 7/25/16, 31 CCW 229, 7/27/16
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