Eventually folks, potential corruption or systems that help to make corruption tempting — especially in an Equity Court System where the Judge is omnipotent under the law — people rise up and demand change. Such is the case in Delaware’s Court of Chancery under the leadership of Andre Bouchard
, who orchestrated in my educated opinion, the largest legal rip-off in U.S. history. Or at best, condoned and facilitated the fleecing of $250 million from TransPerfect Global, which benefited his former business partners.
The rub here is that, in my view, the former business partner, Robert Pincus of the notorious Skadden Arps law firm, over-billed millions of dollars that have not been itemized or reconciled, but were approved by Andre Bouchard, who refuses to let anybody see the bills.
Combined with his previous ridiculous rulings, sanctioning CEO Philip Shawe to the tune of $7.1 million while allowing the Plaintiff’s attorney, Kevin Shannon to bill an additional $1.7 million in unitemized fees, which Bouchard slammed onto Shawe as well.
The pathetic and obvious bias by Bouchard, the unorthodox operation by the hand-picked Custodian (Robert Pincus), and the arbitrary and capricious acts of avaricious behavior by these judicial entities has awakened again a sleeping tiger, known as the “Citizens for a Pro-Business Delaware”!
The group, made up of 2,700, is pushing legislation that would create transparency and fairness in Delaware’s Chancery Court. You can count on the incestuous Delaware judicial-swamp to fight the “Citizens for a Pro-Business Delaware”.
Please read the press release below, which tells about the proposed legislation that would bring a needed, and now demanded, transparency to the Delaware Court of Chancery.
As always your comments are welcome and appreciated.
JUDSON Bennett-Coastal Network
New Delaware Bill Seeks to Shine a Light on Archaic Chancery Court
Legislation backed by Citizens for a Pro-Business Delaware
NEWS PROVIDED BY
The new legislation would require that custodians appointed by the Chancery Court must itemize and publicly disclose a complete accounting of the costs they’ve passed on to the companies under their control so that the public, and the companies themselves, know how their money is being spent.
The bill is a response to Delaware Chancery Court Chancellor Bouchard’s abuse of court rules, as he appointed a court custodian and ruled that TransPerfect – which is incorporated in Delaware and has nearly 4,000 employees globally – should be sold as a result of an internal dispute between the company’s ownership.
Over eighteen months after the historic TransPerfect case was settled in 2015, the custodian in the case, Robert Pincus, has continued to bill the company every month for undisclosed services, including his own $1,475 an hour fee. His responsibilities remain unclear, and any efforts to ascertain the substance of his work on behalf of TransPerfect have been met with silence. The Chancery Court has kept all invoices and description of services under seal – allegedly to protect the sale process, which ended in 2017.
The law firm of Skadden, Arps, Slate, Meagher and Flom — Chief Justice Andre Bouchard’s last employer before joining the Chancery Court — has received a significant amount of the $250 million that was spent on the case.
“This is simple, common-sense legislation, and a necessary step towards a more transparent and fairer Chancery Court,” said Miranda Wessinger, president of Citizens for a Pro-Business Delaware. “When you eat a meal at a restaurant, you get a receipt with a breakdown of the charges. Why shouldn’t the Chancery Court be required to do the same for companies they’re forcing to pay millions in legal fees? When court-appointed lawyers are able to charge thousands of dollars an hour for “undisclosed services,” corruption runs rampant.”
Citizens for a Pro-Business Delaware is a group of more than 2,700 members including employees of the global translation services company TransPerfect, as well as concerned Delaware residents, and business executives. While their primary goal of saving TransPerfect has been accomplished, they continue their efforts to defend the company’s employees and fight for transparency in the Delaware Chancery Court. For more information on Citizens for a Pro-Business Delaware or to join the cause, visit DelawareforBusiness.org