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Delaware's Supreme Court upheld Wednesday a $3.2 million Chancery Court fee award for the custodian assigned to the TransPerfect Global saga as well as two other decisions from the yearslong business control and court oversight feud noteworthy for its bitterness. ....
Legal Profession Blog The Delaware Court of Chancery cleaned up a mess with a fee award of over $3.2 million. Nine years ago, in shifting fees where a litigant had advanced frivolous arguments, then-Chancellor Strine remarked that “it is more time-consuming to clean up the pizza thrown at a wall than it is to throw it.” The “pizza principle” is on full display in this decision. Before the court are petitions the Custodian of TransPerfect Global, Inc. filed for reimbursement of attorneys’ fees and expenses he and his counsel incurred from May 2019 to December 2020. The amount is large approximately $3.66 million. As detailed below, however, the vast majority of this amount was incurred because TransPerfect and its 99% owner, Philip R. Shawe, kept throwing pizzas at the wall. Among other things, they sued the Custodian in Nevada state court concerning two of his fee petitions in contempt of an exclusive jurisdiction provision in an order of this court; premat ....
ADVERTISEMENT ADVERTISEMENT Federal Judge Won t Jump Into TransPerfect Fee Fight Law360 (April 13, 2021, 4:25 PM EDT) A Delaware federal judge has declined to inject himself into a quarrel over fees charged by a retired Skadden partner to TransPerfect Global Inc. as part of a sprawling dispute over the company s ownership, determining that he lacks jurisdiction. Chancellor Andre G. Bouchard of Delaware s Court of Chancery in January had lifted restrictions on the ability of TransPerfect and co-founder Philip R. Shawe s ability to review the previous and future billing records of custodian Robert B. Pincus, the former Skadden partner, in the underlying dispute. ....
ADVERTISEMENT ADVERTISEMENT TransPerfect Denies Shawe Steered Chancery Malpractice Suit Law360 (February 11, 2021, 9:56 PM EST) An attorney for translation company TransPerfect Global Inc. denied Thursday that it was acting at the behest of its 99% owner Philip R. Shawe in suing its former law firm Ross Aronstam & Moritz LLP for malpractice, the latest flareup in a multiyear Delaware Chancery Court corporate-control saga. The defense came during arguments before Chancellor Andre G. Bouchard over Ross Aronstam s motion for enforcement and contempt against TransPerfect for violating provisions of a 2018 final order on the company s court-directed sale. That order prohibited claims by Shawe or others against parties released under final court orders for the company s sale, including. ....