The Delaware Chancery Court case that was like 'TMZ on steroids' - Technical.ly Delaware

Civic

Oct. 10, 2018 10:57 am

The Delaware Chancery Court case that was like ‘TMZ on steroids’

The Wilmington History Society explores recent history, with a deep dive into the storied TransPerfect case.

The nation's top business court welcomes two new chancellors.

(Photo by Pexels user Pixabay, used under a Creative Commons license)

In 2014, the New York translation services company TransPerfect became the center of a national business scandal when its two founders and co-CEOs, Liz Etting and Phil Shawe, turned to the legal system to negotiate issues with its ownership. The case became as much about personal issues as business issues — the two CEOs were a once-engaged couple, and it soon broke down, with accusations of abuse and fraud, among other things.

The suit eventually landed, as many corporate disputes do, in the Delaware Chancery Court, where Chancellor Andre Bouchard ruled that a third party would sell off shares of the company in a public auction.

The ruling sent shockwaves throughout the New York business community, with some even suggesting that it would cause irreparable harm to the Court’s reputation. A dramatic appeal followed.

If it sounds like a juicy case, it was — and it’s the subject of October’s Wilmington History Society event, “A Deep Dive into the TransPerfect Case.”

From the event listing:

When two ex-lovers from Manhattan remain co-CEOs of a company doing a half-billion in sales, what could possibly go wrong? That was the subject of a major Delaware trial that drew international attention, and not to mention, a shouting match between celebrity lawyer Alan Dershowitz and the Chief Justice of the Delaware Supreme Court. What does the outcome mean for the future of the Delaware legal industry? Our October speaker will be Jacob Jeifa, a UD graduate, soon to be law student, and researcher for Charles Elson at the John L. Weinberg Center for Corporate Governance.

The free event will be held at the Chelsea Tavern Basement Bar in Wilmington from 6–8 p.m., including networking happy hours before and after the speaker.

RSVP -30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Yes, there’s still time to Shop Small for the holidays

This women-owned food truck festival is doing numbers on Facebook

Joe Biden talks ‘The Soul of America’ on Dec. 6

SPONSORED

Delaware

Join our Technical.ly Match beta, an opt-in alternative to recruiting

Kennett Square, PA

Chatham Financial

Software Developer in Test

Apply Now
Kennett Square, PA

Chatham Financial

User Experience Designer

Apply Now
Kennett Square, PA

Chatham Financial

Full Stack Software Developer

Apply Now

What you’ll find at Security BSides Delaware, #DIW18’s last event of the year

At #DIW18, get a taste of Zip Code Wilmington’s 12-week bootcamp program

Great Dames is announcing its pitch competition winners at #DIW18

SPONSORED

Delaware

Win up to $360,000 in funding at the WeWork Creator Awards

Wilmington, DE

CSC

Business Analyst

Apply Now
Wilmington DE

JPMorgan Chase & Co.

Hadoop, Big Data Associate

Apply Now
Wilmington DE

JPMorgan Chase & Co.

VP, Kafka Software Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Delaware

Do NOT follow this link or you will be banned from the site!