An attorney for the court-appointed custodian in the TransPerfect dispute said in a court filing that a month of mediation between the firm’s warring co-founders has failed, a development that sets up the possibility of key court rulings as the company accelerates toward a court-ordered sale.
Douglas D. Herrmann, who is representing custodian Robert B. Pincus, told a Delaware federal judge on Thursday that Philip R. Shawe and Elizabeth Elting were unable to hash out their deep-seated differences in sessions with former Delaware Court of Chancery Chancellor William B. Chandler III. The court’s current chancellor, Andre G. Bouchard, had ordered the parties to mediation June 2.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
