Delaware Business Litigation Report

Court Of Chancery Provides Definitive Guidelines On Judicial Sale Process

In re: TransPerfect Global Inc., C.A. 9700-CB (February 15, 2018)

In what it is hoped is the final act in the TransPerfect case, this decision upholds the sale process used by the Custodian to sell TransPerfect. While certainly a unique case, the decision does provide guidance on the discretion of a Court-appointed custodian in selling a deadlocked corporation.

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