Citizens for a Pro-Business Delaware Slams 11th-Hour Chancery Court Decision to Uphold Majority of Skadden Arps’ Fees Following TransPerfect Lawyers’ Appeal

Former Chancellor Bouchard’s Final Decision in Office Upheld More Than $3,000,000 in Legal Fees Charged to TransPerfect by Custodian Robert Pincus in an Extraordinary Decision

WILMINGTON, Del.--(BUSINESS WIRE)--Following a recent court filing from TransPerfect lawyers in the Delaware Supreme Court appealing Chancery Court Chancellor Andre Bouchard’s decision to uphold the majority of Custodian Robert Pincus’ and Skadden Arps’ outrageous fees of more than $3.9 million - part of more than $50 million total throughout the duration of the custodianship - from May 2019 to December 2020, Citizens for a Pro-Business Delaware Campaign Manager Chris Coffey released the following statement:

“This latest filing makes clear what we’ve known all along: the Chancery Court during former Chancellor Bouchard’s reign had zero interest in treating TransPerfect fairly. Not only did Bouchard’s Chancery Court uphold an obscene $3.2 million in fees charged by Pincus - in bulk and without explanation - it even contradicted itself in forcing the company to cough up $400,000 in fees that it had previously rejected, which stemmed from a failed Contempt motion filed by Pincus. The Bouchard-era Chancery Court was so invested in protecting its handpicked Custodian - who had already bilked the company for more than $50 million in total fees - that it couldn’t even hold itself accountable to its own decisions.