A lawsuit against the chancellor of the Delaware Court of Chancery stemming from his role in the forced sale of TransPerfect Global Inc. was described by corporate law experts Wednesday as extraordinarily unusual and unlikely to survive long.
Timothy Holland, TransPerfect’s director of corporate strategy, filed suit Tuesday in the Southern District of New York against Chancellor Andre Bouchard and Robert Pincus, the custodian appointed to oversee the sale. Holland claims that Bouchard’s and Pincus’ conduct “unconstitutionally” chills his First Amendment rights and rights against unreasonable search and seizure.
