Hundreds of Millions Could Have Been Saved, Had Andy Bouchard Not Sought to Funnel Money to His Cronies

Dear friends,

Reading the Delaware Business Now story below about the TransPerfect founders setting all of their legal disputes, It has me thinking, folks… imagine if Chancellor Andre Bouchard didn’t use the company’s Chancery Court case as an opportunity to enrich his friends at Skadden Arps, but just let the parties settle, as they just did! Hundreds of millions would have been saved by both sides and the crazy cash loot influx that went to Bouchard’s pals at Skadden and through the Delaware Chancery Court… all of that never needed to happen? Was this all engineered somehow by Bouchard with former Delaware Supreme Court Justice Leo Strine having his back?

Read the story below, folks. Would love to know if you’re thinking what I’m thinking?!

Respectfully Yours,

JUDSON Bennett, Coastal Network

Phil Shawe re Incorporating in Nevada

TransPerfect owner Shawe settles legal disputes with former co-owner Elting

By Delaware Business Now – October 6, 2020

Philip R. Shawe and Elizabeth Elting have settled out of court on long-running issues related to the sale of TransPerfect, a letter from Shawe’s attorney to Delaware Chancery Court stated.

The one-time couple owned a 50-50 share of the New York City-based translation services company, with the case over control ending up in Chancery Court.

While prevailing in the Chancery case, with Elting selling her share, Shawe has remained critical of Chancery Court and a decision to appoint a custodian Robert Pincus during the selling process.

The battle, by some accounts, added up to a quarter of a billion dollars in costs.

The settlement provides for the transfer of Elting’s 50 percent ownership interest in Wordfast, LLC, a company with technology used by TransPerfect as well as real estate holdings in New York and California.

In a letter to Chancellor Andre Bouchard, Shawe’s lawyer said the TransPerfect owner is “similarly dedicated to finding extra-judicial resolution of the remaining disputes in this case.”

The letter expressed hope for a settlement related to billing by Pincus and Skadden Arps. Shawe has claimed billing related to Pincus’ work lacks a detailed listing of services.

A group known as Citizens for a Pro-Business Delaware through an affiliated Political Action Committee, claims in a TV campaign that Gov. John Carney has fallen short on issues related to the Black community in the state and corrections system. Critics of Citizens claim Shawe is funding the group.

Carney is running for a second term.

About Judson Bennett

Captain A. Judson Bennett was a life- long resident of Lewes, DE. He served the maritime industry for 33 years, primarily as a Delaware River Pilot, guiding large ships to the Port of Philadelphia. Captain Bennett has been an active and consistent entrepreneur over the years.

He was elected as a Lewes City Councilman for 6 years. Afterwards he ran for the Sussex County Council as a Republican, and with 20 thousand people voting, lost Delaware’s closest election by 3 votes to an 8 year incumbent. Abandoning his personal political ambitions, he became the Republican District leader, advocating conservative values. Captain Bennett became a lobbyist in the state legislature advocating among many ideas, financial literacy concepts in education. He managed several political campaigns, including one for Governor of Delaware and one for the US Senate against VP Joe Biden. He is now the owner, operator, and writer for the Coastal Network which communicates regularly with over 6000 people throughout the State of Delaware.

Captain Bennett is a graduate of St. Andrew’s School in Middletown, DE (where the movie “The Dead Poet’s Society was filmed) and also graduated “Magna Cum Laude” from the University of Delaware with a BA in Criminal Justice and an MA in Liberal Studies.

He is now a Widower, living in West Palm Beach, Florida. Captain Bennett has one son, three grandchildren, and one great grand-daughter, all who live in Richmond, Virginia.