Delaware Chancellor Andre Bouchard has ruled that all bills from the law firm of Skadden Arps must include a detailed invoice.
The ruling came during a conference with attorneys. Bouchard had earlier fined TransPerfect $30,000 a day for not paying bills.
The translation services company is withdrawing a suit file in Nevada, its state of incorporation.
The case included celebrity attorney Alan Dershowitz who was a member of TranPerfect’s legal team.
“TransPerfect’s victory today was a major win for transparency and openness in the Delaware courts. Skadden’s billing, which remained hidden for too long, will now be subject to some level of review,” stated TransPerfect owner Philip Shawe.
Shawe has locked horns with Bouchard in a long-running dispute over the sale of the company. Shawe prevailed in the case, which led to 50 percent owner Elizabeth Elting selling her stake in the company to Shawe.
Skadden Arps is involved because its lawyer Robert Pincus was named by Chancery as the custodian for the sale of TransPerfect and recommended that Shawe buy out Elting. Chancery signed off on his decision, which was also upheld by the state Supreme Court.
The state of incorporation for TransPerfect was later moved from Delaware to Nevada.
TransPerfect attorney Martin Russo said, “I am very happy that the court finally has agreed to give us the tools to ensure the company is treated fairly. It seems that the eyes of the Nevada court on the matter may have had some positive effect.”
Click here for an earlier story on the legal dispute.
