Pincus clearly has shown himself not to have the ethical fiber to do this job, in my view. I’m embarrassed for the state of Delaware to put him in charge of another company. It’s a criminal act by the state
$44 million in undocumented fees?! That’s highway robbery in broad daylight! The company’s victory will help others not get screwed or bullied the way TransPerfect did in Delaware by greedy, manipulative Bouchard.
Some outlets describe the state of Delaware as ‘the most secret tax haven in the world’ as it allows both legitimate companies and criminals to hide money through shell companies.” It’s more than outrageous that $250 million has been swindled from TransPerfect.
Skadden’s retention should be denied and that it should be required to return fees already paid based on its failure to fully disclose its prepetition relationships in declarations filed with the court. Also targeted are alleged efforts to avoid a subpoena from the Acthar plaintiffs’ group seeking details on what was described as Skadden’s “dual representation” of Mallinckrodt and Express Scripts.
While many Delawareans remain concerned about widespread corruption at the state level, local governments are also rife with government employees eager to exploit their offices for personal gain. Harrington City, a small town of 3,500 around 20 minutes south of Dover, recently lost two of its top executives, after explosive revelations by former City Planner…