Bouchard Scratches Hearing in Fight Over TransPerfect Deadlock
Chancery Court Chancellor Andre G. Bouchard has called off a May 5 hearing on an attempt to force a stockholder meeting to resolve crippling corporate deadlock at TransPerfect Global Inc., the latest development in a week of jockeying between opponents in a protracted fight over the future of the New York-based translation-services company.
April 27, 2017 at 07:03 PM
7 minute read
Chancery Court Chancellor Andre G. Bouchard has called off a May 5 hearing on an attempt to force a stockholder meeting to resolve crippling corporate deadlock at TransPerfect Global Inc., the latest development in a week of jockeying between opponents in a protracted fight over the future of the New York-based translation-services company.
Bouchard initially scheduled the hearing on Monday in a letter sent to attorneys representing Elizabeth Elting and Shirley Shawe, the mother of TransPerfect co-founder and CEO Philip Shawe.
Shirley Shawe had asked Bouchard to fast-track her case, in hopes that a shareholder meeting would avoid the court-ordered sale of a company Elting and her son started years ago in a college dorm room. Elting responded the next day, asking Bouchard in the underlying litigation to enforce his July 2016 sale order and to impose sanctions against Shirley Shawe for allegedly trying to halt the sale.
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