Elizabeth Elting and Phil Shawe continue to skimish in Chancery Court over legal fees arising from the sale of TransPerfect.
The former couple, each of whom had a 50-50 share of the translation services company, ended up in a deadlock over a sale after their work relationship deteriorated.
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Elting has been attempting to recover some of attorneys fees in a case filed in Chancery Court. (See filing above).
Chancery Court resolved the dispute by appointing a receiver who recommended selling the company to Shawe. The recommendation was followed by Chancery Court and survived a legal challenge from Elting.
A TransPerfect employee group emerged and attempted to convince legislators to pass a law requiring any ownership deadlock go through a three-year cooling off period.
The legal battle reportedly cost a quarter of a billion dollars and left both Elting and Shawe unhappy with the expenses.
Shawe went on to blast the legal climate in Delaware and move TransPerfect’s state of incorporation to Nevada.
The western state has been a long-time rival to Delaware and has developed a business court to handle disputes.
