After the custodian in charge of selling TransPerfect threatens to exclude Co-CEO Phil Shawe from the sales process, Shawe sues in Federal Court. Translation productivity tool Wordfast emerges as major potential obstacle to sale. Continue reading
Liz Elting
Delaware media reports that mediation between TransPerfect’s two co-CEOs has failed. The source of the report is a lawyer for the court-appointed custodian in charge of selling the company. Shawe tells Slator mediation is not actually over until the mediator or the judge says so. Continue reading
With the legal battle for the future of the company in its final stages, TransPerfect grows revenues by nearly 10% in the first half of 2017. June 2017 is the second best month in company history. Mediation between two warring Co-CEOs is ongoing. Continue reading
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Delaware judge orders mediation between TransPerfect co-CEOs Liz Elting and Phil Shawe in what State Senator calls a Hail Mary to avoid auctioning off the company. Elting lawyer confirms custodian in talks with parties interested in buying TransPerfect. Continue reading
Lawyers for TransPerfect co-CEO Liz Elting call offer by 1% shareholder Shirley Shawe another attempt to frustrate the sale of the company as ordered by the court. Co-CEO Phil Shawe says it would end the deadlock and stop the sale. Continue reading
Days after ex-employee files class-action suit over January 2017 data theft, TransPerfect is confronted with USD 50m lawsuit by former executive Brooke Christian, who used to be part of company’s inner circle. Continue reading
Delaware Supreme Court upholds decision to sell TransPerfect to highest bidder via auction. While co-CEO Liz Elting says she is extremely gratified, fellow co-CEO Phil Shawe vows to appeal to the US Supreme Court. Continue reading
Widespread press coverage in aftermath of oral arguments in TransPerfect case. Delaware Supreme Court hearing, streamed live to viewers worldwide, shows stern judge unimpressed by Phil Shawe’s recently retained celebrity lawyer Alan Dershowitz. Continue reading
The sale of Lionbridge and the battle for TransPerfect. The rise of neural machine translation and the death of a startup. The average translation rate in Germany and the United States. Here are Slator’s most popular stories of 2016. Continue reading
TransPerfect co-CEO Phil Shawe projects revenues of USD 540m for 2016; reiterates he has yet to receive a response to his USD 300m offer. Says he has asked the group campaigning in Delaware to prevent the sale to stop. Continue reading
TransPerfect co-founder Liz Elting reiterates her intention to bid for the company should it go to auction and says the language service provider would have a bright future even if neither of the two co-founders emerges as part of the winning bid. Continue reading
Group working to prevent forced sale of TransPerfect pulls no punches as a TransPerfect Director of Corporate Strategy files a lawsuit against the judge ruling on the case citing First Amendment and Due Process violations. Experts say suit is “unlikely to survive long.” Continue reading
The majority-owner of New York-based IP and patent translation provider Morningside says the firm was approached by institutional investors interested in backing a TransPerfect buyout. Meanwhile, Delaware State Senator introduces resolution that seeks to prevent auction. Continue reading
Delaware judge rules TransPerfect to be sold in modified auction, allows third parties to enter the bidding. Co-CEO Phil Shawe calls the ruling “unprecedented in Delaware history,” and tells Slator he will appeal the decision. Continue reading
Financial experts cited valuing TransPerfect at up to USD 1.2 billion as RWS Group Executive Chairman Andrew Brode qualifies his statement with Slator on a potential bid. Continue reading
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