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Elting Tries to Unravel Sale of TransPerfect to Corporate Rival

Nearly two months after it was announced that TransPerfect Global Inc. co-founder Philip R. Shawe had prevailed in his fight to seize full control of the translation-services company, his erstwhile partner is launching her own campaign to unravel the deal.

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Philip-Shawe Philip Shawe.

Nearly two months after it was announced that TransPerfect Global Inc. co-founder Philip R. Shawe had prevailed in his fight to seize full control of the translation-services company, his erstwhile partner is launching her own campaign to unravel the deal.

On Wednesday, Elizabeth Elting is set to argue in Delaware’s Court of Chancery that Shawe actively sought to undermine the sale process with litigation and public attacks aimed at Robert B. Pincus, the court-appointed custodian overseeing the sale. According to Elting, Shawe’s tactics created a conflict of interest for Pincus, which led the custodian to accept a bid that did not achieve maximum value for the firm.

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Tom McParland

Tom McParland

Tom McParland of New York Law Journal can be contacted at [email protected] Follow him on Twitter @TMcParlandALM.

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