Citizens for a Pro-Business Delaware is taking the Delaware Supreme Court to task for upholding a Chancery Court decision.
“Last week, the Delaware Supreme Court broke from decades of precedent and permitted a company to completely rewrite a clear, unambiguous contract simply because the company didn’t like the outcome,” the group claimed in a release.
The case Almond v Glenhill involved a complicated shareholder dispute over the purchase by office furnishings giant Herman Miller of Design Within Reach.
“This decision is an affront to all standards of judicial accountability and a symptom of the corrosion of the American justice system. If we cannot rely on the Delaware courts to enforce the fundamental right to contract, then what can we rely on them for? Unfortunately, this decision is consistent with a ruling class of judges who are all part of an old boys’ club designed not to serve justice but to serve the personal interests of Delaware judges,” said Citizens for a Pro-Business Delaware Campaign Manager, Chris Coffey.
Citizens for a Pro-Business Delaware has been calling for reforms at Chancery Court, the nationally known venue for corporate disputes, as well as greater diversity in the state court system.
The group was formed after a contentious dispute over the 50-50 ownership of translations services company TransPerfect. Chancery Court ruled in favor of co-founder Philip Shawe buying out Liz Elting’s share of the company.
Despite the victory, Shawe continues to be critical of the state’s judicial system. Citizens for a Pro-Business Delaware claims more than 5,000 members. For more information on Citizens for a Pro-Business Delaware visit DelawareForBusiness.org.