The Delaware Supreme Court rejected an appeal by Citizens for a Pro-Business Delaware intervenes in a Chancery Court case regarding a sale of New York City-based TransPerfect.A ruling by all justices rejected an amicus appeal in the case.
“We are disappointed that the court not only denied our amicus but also denied the employees of TransPerfect their opportunity to have their voices heard as part of this case,” the group’s spokesman Chris Coffey’s stated. “Our work will continue in the legislature to save TransPerfect jobs and to ensure that in the future no successful and profitable company, like TransPerfect, can be forced into an unwilling sale again. Rest assured; the employee’s voices will be heard.”
The group has cited the possible impact of the sale on the business climate in Delaware and received support in an editorial in the state’s largest newspaper.
Chancery Court ended up with the case after TransPerfect’s owners, Philip Shawe and Elizabeth Elting could not agree on the sale of the company. Shaw and his mother and Elting own a 50-50 share of the company.
Shawe did not object to Citizens’ appeal, while Elting opposed the move.
Click here for background and coverage of the case.
