High Hopes For Chancellor McCormick Are Diminishing She Continues to Allow Skadden to Steal
06/18/2021
McCormick granted the motion without giving TransPerfect a chance to reply, which in my understanding, is a due process violation. She relied on the one-sided argument of Pincus and Skadden who, in my opinion, continued to game the system to the tune of millions of dollars in bogus fees and made a ruling before she heard any argument from TransPerfect.
OPINION Dear Friends, As I look to the future of the Delaware Court of Chancery I am hopeful, but suspicious that it’s a revolving door of non-objective equity, with bias and appearances of impropriety as seen under outgoing Chancellor Andre Bouchard’s suspect leadership and operation. Is the “Delaware Way” too entrenched into…
This illegal back scratching was bound to end someday, but the powers that be eventually heard the cries of TransPerfect’s oppressed workforce, and Chancellor’s ouster ensued.
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.
In 2016, an anonymous source working at Mossack Fonseca, a Panamanian law firm, leaked a huge database of records exposing companies using the country as a tax shelter. Many powerful international figures were implicated, including the prime ministers of Georgia, Iceland, Iraq, Saudi Arabia, Qatar, and Sudan. But there was a notable lack of Americans on the list. That’s because Americans…