Citizens for a Pro-Business Delaware Lauds Chancery Court Ruling Ordering Skadden Arps to be More Transparent as Custodian in TransPerfect Case

WILMINGTON, Del.--(BUSINESS WIRE)--Today, following a ruling from Delaware Court of Chancery Chancellor Andre Bouchard ordering the law firm of Skadden Arps to make available records that Skadden alone had deemed confidential in the TransPerfect case and to un-redact the records, Citizens for a Pro-Business Delaware Campaign Manager Chris Coffey released the following statement:

“We’re so used to the Court of Chancery so consistently siding with their old colleagues and friends at Skadden Arps, where Chancellor Bouchard previously worked as a Partner, that this order, small as it is, is a significant victory not just for TransPerfect and its employees, but for the entire judicial process in the State of Delaware.

“In Delaware’s tight-knit, elitist legal community, where nothing works as it’s supposed to, history has shown that the entrenched interests often prevail, but not today.

“By limiting Skadden’s use of redactions to what it considers Confidential Records and non-Confidential Records Filings, the Court is forcing Skadden to be a more responsible and transparent custodian of TransPerfect, despite their objections and considerable efforts to the contrary.

“Still, this is just a small step forward. Now we need the Court and Chancellor Bouchard to order Skadden to disclose and itemize their billings to TransPerfect.

“Since being appointed custodian of the company, Skadden has never produced an itemized invoice for the services it claims to have performed as the firm, led by Jennifer Voss and Bob Pincus, has already collected over $14 million in court-ordered legal fees from TransPerfect. That needs to change. Our members and TransPerfect’s employees deserve to know where that money has gone.”

Citizens for a Pro-Business Delaware is a group made up of more than 5,000 members including employees of the global translation services company TransPerfect, as well as concerned Delaware residents, business executives and others. They formed in April of 2016 to focus on raising awareness with Delaware residents, elected officials, and other stakeholders about the issue. While their primary goal of saving the company has been accomplished, they continue their efforts to fight for more transparency in the Delaware Chancery Court. For more information on Citizens for a Pro-Business Delaware or to join the cause, visit DelawareForBusiness.org.