The Delaware Court of Chancery has sanctioned TransPerfect Global co-founder and joint CEO Philip R. Shawe $7.1 million for destroying evidence and lying under oath, behavior that Chancellor Andre G. Bouchard has said prejudiced his adversary and complicated already-protracted litigation over the future of the privately held discovery services company.
The ruling, issued late Aug. 19, comes on the heels of a July 20 memorandum opinion ordering Shawe to pay one-third of the attorney fees and expenses co-CEO Elizabeth Elting incurred while litigating the merits trial from December 2014 to August 2015, and it accounts for the entire cost of a two-day sanctions hearing held back in January.
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