TransPerfect’s Court Appointed Custodian is Under Fire Worldwide!

The picture below says it all!  In the Barcelona newspaper, the picture of court appointed custodian Robert Pincus in the TransPerfect Global case surrounded by his money is an indication of the rip off of the century! Robert Pincus, according to my information, with the absolute approval of Chancellor Andre Bouchard, has apparently charged exorbitant and unnecessary fees to the complete detriment of this successful company and its employees. Pincus and his buddies are literally becoming multi-millionaires at TransPerfect’s expense. This is a legal bilking to profit friends of the Judge. In reality, I believe it is intrinsically criminal and Chancellor Bouchard is responsible. There needs to be a criminal investigation by the Attorney General of the State of Delaware or perhaps the FBI !

Please read below what a mockery of our state has been made around the world:
 

 

The forced sale of TransPerfect has cost the company $ 20 million in lawyers

A US association claims that several companies are enriched by the conflict while 4,000 workers fear for their jobs

CARLES BALLFUGÓ
14.09.2017 11:35 h

 

 

Delaware Supreme Court Judge André Bouchard’s decision to order the forced sale of the Transperfect translation multinational  has cost the company more than $ 20 million to hire a variety of law firms , investment companies and specialized entities in mergers and acquisitions.

According to a piece of advertising by the Citizens for a Pro-Business Delaware’s association (CPBD) published on full page in various media, a dozen signatures would be enriching themselves with the shareholder conflict that the company lives.

 

The advertising piece which has had access Global Chronicle also notes that Robert Pincus, a lawyer partner at law firm Skadden and custodian (judicial administrator) of  Transperfect , would be getting a salary of $ 1,425 an hour, about 1,200 euros, for overseeing the controversial sale force of the company.

HAZARD JOBS

Through this action, the association CPBD wanted to point out that while several companies invoice huge amounts of money to the company under Pincus, the 4,000 employees of the company worldwide, 500 of them in the operating center of Barcelona , continue fearing for their jobs if the forced sale of the multinational of translations is finally executed .

A few months ago, Delaware Supreme Court Judge Andre Bouchard ordered the company’s forced sale to resolve the stakeholder conflict between the company’s co-founders, former Liz Elting and Phil Shawe, whose relationship is more deteriorated than ever and their positions in regard to the company, the antipodes of each other.

WITHOUT PRECEDENTS

The forced sale of a successful private company is an unprecedented move in United States history and its precursors, Judge André Bouchard and attorney Robert Pincus, may be breaking the legal limits,according to experts familiar with the case.

The purchase of Transperfect by a private equity fund would entail relocation and dismissal, as has already happened with the company Lionbridge, Transperfect’s largest competitor globally, which relocated the centers of Spain and France and destroyed thousands of jobs.

 

The forced sale of TransPerfect has cost the company $20 million in lawyers

 

 

 

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.