June 22, 2016 / 10:01 PM / 3 years ago

Delaware court orders auction of translation firm TransPerfect

A Delaware court has approved the use of an auction to complete a previously ordered sale of TransPerfect Global Inc, one of the world’s largest language translation companies, which has been caught up in a high-profile dispute between its co-owners.

In a decision by the Chancery Court on Monday, Chancellor Andrew Bouchard ordered the auction be opened to outside bidders as well as existing shareholders, and gave a court-appointed custodian broad control over the process. He gave the custodian until July 1 to come up with details for carrying out the auction.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/28NkRzr

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