Fees after TransPerfect sale draw fire

0

A TransPerfect employee site is objecting to legal bills sent to the company.

Eighteen months after the TransPerfect case was settled, the custodian in the case, Robert Pincus, has continued to bill TransPerfect every month for undisclosed services, including his own $1,475 hourly charges, a release from Citizens for. a Pro-BusinessDelaware stated.

His responsibility remains unclear, and any efforts to ascertain his work on behalf of TransPerfect has been met with silence, the release claimed.

After a lengthy legal battle, the translation service company was sold to Philip Shawe.

The Chancery Court has kept all invoices and description of services under seal.

The release stated that the law firm of Skadden, Arps, Slate, Meagher, & Flom has received a sizable amount of the $250 million that was spent on the case.

“Why these records are still under seal is a perpetual mystery for our members. Pincus and his company has spent over $1M on secret services since the company changed ownership and the case ended,” said Chris Coffey, Campaign Manager for Citizens for Pro-Business Delaware. “This means fewer resources for TransPerfect employees in the form of income and benefits. To have those records under seal is arbitrary and capricious and you can only get away with that kind of rubber stamping in the secretive boys’ club that is the Chancery Court and its network of cronies. We need transparency at long last.”

CPBD plans to launch an advertising campaign.

The effort may also include a push for legislation to increase transparency at the Chancery Court in cases similar to this one, according to the release.

Citizens for a Pro-Business Delaware is a group made up of more than 2,700 members including employees of the global translation services company TransPerfect, as well as Delaware residents, business executives and others.

For more information on Citizens for a Pro-Business Delaware or to join the cause, visit DelawareForBusiness.org.

Facebook Comments