Citizens for a Pro-Business Delaware Slams Skadden Arps on Third Anniversary of TransPerfect Sale Agreement Execution

The Grassroots Government & Judicial Reform Advocacy Group Also Called for the Resignation of TransPerfect Custodian, Robert Pincus, and Lead Case Attorney, Jennifer Voss, to resign

WILMINGTON, Del.--(BUSINESS WIRE)--Today, on the three-year anniversary of the execution of the unprecedented forced sale of TransPerfect, Citizens for a Pro-Business Delaware (CPBD) slammed Skadden Arps and Chancery Court-appointed custodian Robert Pincus for continuing to bilk the company for over $15 million dollars without itemized invoices or explanation of the work being done. CPBD also renewed its calls for Robert Pincus to resign from his role as custodian, along with the resignation of Skadden’s lead attorney on the case, Jennifer Voss.

Said Citizens for a Pro-Business Delaware Campaign Manager Chris Coffey, “It’s absolutely insane and indefensible that today, three whole years after the sale of TransPerfect was executed, Skadden Arps’ Bob Pincus and Jennifer Voss are continuing to bilk the company for millions of dollars without saying why or what for. Despite a court order to unseal the records, Skadden has failed to account for any of the more than $15 million they’ve raided from TransPerfect’s coffers – if they’ve really done $15 million worth of work, then why is Skadden so afraid to show the records?”

“The cost of Delaware’s interference in a thriving business with a growth rate higher than Apple’s is over $250 million in all, a direct wealth transfer from employees to Chancellor Bouchard’s inner circle, who have fed at the trough of TransPerfect for too long at the expense of everyday employees.”

“Instead of continuing to give away cushy appointments and government contracts to elite firms like Skadden Arps, which doesn’t have a single Black Partner and has only one Black Associate in their Wilmington office, Delaware’s courts and government should make tangible efforts to bolster economic prosperity among Delaware’s communities of color and ensure that diversity and equity are at the heart of all appointments and government contracts. We’re hopeful that with President-Elect Biden’s ascension to the presidency – and his stellar commitment to diversity in his appointments and cabinet – things may finally start to change in Delaware.”

“That change should start with Skadden Arps’ Bob Pincus and Jennifer Voss, who have been inflating their bills to TransPerfect for more than three years solely to enrich themselves and their firm. While Pincus has no incentive to give up his golden parachute, and neither does Skadden, three years of getting rich off the backs of TransPerfect’s success is enough. To Mr. Pincus and Ms. Voss, we repeat the words of British MP Leo Amery to feckless Prime Minister Neville Chamberlain: ‘You have sat too long here for any good you have been doing. Depart, I say, and let us have done with you. In the name of God, go.’”

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 unprecedented forced sale of TransPerfect. 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.