TransPerfect employee group encouraged by response to possible legislation

0

Citizens for a Pro-Business Delaware says a bill seeking changes in corporate law that would delay a forced sale of New York-based TransPefect is still in the works.

Chris Coffey, campaign manager for the group, released the following statement:

After a series of meetings last week in Dover, leaders in the General Assembly have asked that we meet with the Corporate Bar Committee [of the Delaware State Bar Association] before introducing our own bill. We are looking forward to meeting with the CBC in early February to talk about the best way to strengthen the incorporated industry. In the meantime, we have asked Senator Bonini to hold off on introducing legislation and we are grateful that for now, he has agreed.

Coffey continued, “We are hopeful that this process – and ultimately this bill – will bring us closer to passing a law that that not only helps Delawareans, but also strengthens the incorporation industry in the state and potentially save some of the 4,000 jobs which are at risk because of the forced sale of this company.”

Advertisement

DelawareOnline.com reported on Wednesday reported that Bonini had pulled the bill, with the Republican State Senator and recent Republican candidate for Gov. saying he was encouraged by developments.

Citizens for a Pro-Business Delaware is seeking to delay the sale of the company, which has been ordered by Delaware Chancellor Andre Bouchard.

This comes after the two owners, who each control half of the company have been unable to reach an agreement on selling or jointly running the New York translation services company.

The group is mainly comprised of employees of TransPerfect.

Facebook Comments
Advertisement
SHARE
Previous articleSelect group of Wilmington U students to meet with JPMorgan Chase executive
Next articleNew cranes go up at Port of Wilmington

Delaware Business Now is a four-year-old, five-day-a-week newsletter and website operated by Bird Street Media LLC. Publisher and Chief Content Officer is Doug Rainey, a 30-year veteran of business journalism in the state of Delaware. 

Business Now focuses on breaking business news in Delaware and immediate adjacent areas with apropriate background and perspective. Also offered exclusively in our FREE newsletter is commentary on state and regional issues.

Have a complaint, question or even a compliment? Send an email to drainey@delawarebusinessnow.com.

For advertising information, click on the About tab at the top of the home page Our business hours are 8 a.m. to 5 p.m., Monday through Friday. Call us at 302.753.0691.

Advertisement