Bloomberg Law
Aug. 23, 2016, 4:20 PM UTC

TransPerfect Co-CEO to Pay $7.1M for Misconduct

Leslie Pappas

Philip R. Shawe, co-CEO of New York-based translation company TransPerfect Global Inc., must pay more than $7.1 million to the company’s other co-CEO for misconduct during the pair’s ongoing battle for control of the company.

The Delaware Chancery Court’s Aug. 19 order follows a July 20 ruling in which the court sanctioned Shawe to pay co-chief executive officer Elizabeth Elting’s legal fees for lying to the court and obstructing discovery during the case.

The $7,103,755 award was less than the $7,961,390 in attorneys’ fees and expenses that Elting asked for.

In an Aug. 19 statement, one of Elting’s lawyers, Philip S. Kaufman of ...

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