Citizens for a Pro-Business Delaware is takingout advertising that takes on Robert Pincus, an attorney at Skadden, Arps, Slate, Meagher and Flomwhohasbeen appointed tosell the company.
WILMINGTON, Del., July 27, 2017 /PRNewswire/ -- Citizens for a Pro-Business Delaware's (CPBD) full page advertisement calling out Robert Pincus will run in the Thursday and Sunday print additions of the Delaware News Journal. The ad reveals that Robert Pincus, a high-powered attorney at Skadden, Arps, Slate, Meagher and Flom, is charging TransPerfect an unbelievable $1,425 per hour. The advertisement also provides a comprehensive list of all of the firms Pincus has subcontracted and the amounts they have charged to TransPerfect.
DOVER, Del., July 13, 2017 /PRNewswire/ -- Citizens for a Pro-Business Delaware (CPBD) celebrates the success of SB53 passing out of the Senate Elections and Government Affairs Committee but remains vigilant in the fight to save 4,000 jobs and pass the legislation. The organization will increase advocacy efforts, working towards bill passage when the legislature reconvenes in January 2018.
Citizens for a Pro-Business Delaware praised a move that got a bill out of committee.
The legislation would require a three-year waiting period if courts force the sale of a company incorporated in Delaware.
The bill was proposed in response to a court-ordered sales process for TransPerfect after the two owners of the company remained deadlocked.
Late Friday night, the Senate Elections and Government Affairs Committee passed SB53 out of committee, a bill requiring a three-year waiting period if courts force the sale of a company incorporated in Delaware. Chris Coffey, Campaign Manager of Citizens for a Pro-Business Delaware (CPBD), the advocacy group supporting TransPerfect employees and Senate Bill 53, released the following statement:
SB53, the TransPerfect bill, was voted out of committee 3-2 clearing its way to be voted on by the full legislature. As we have for the last 12 months, we will continue to build support and offer ways for Delaware voters to communicate with their lawmakers about the importance of the state's business-friendly reputation.
Closed-door meetings. Twisted narrative. Voters’ concerns discredited. Special interests over constituents’ concerns. The career-enhancing techniques of the professional politicians we see in our nation’s capital have seeped into our state house in Delaware.
Citing the inaction of state senators to a bill that would require for a three-delay in selling a profitable company with an ownership deadlock, the group announced plans to form a political action committee (PAC).
As states like Nevada and Wyoming attempt to lure companies away from Delaware, a pro-business advocacy group has vowed to back candidates in upcoming elections that will support Delaware’s reputation as a haven for incorporation.
Citizens for a Pro-Business Delaware is made up of concerned citizens, business executives, and employees of the global translation services company Transperfect. The group formed in the wake of the Court of Chancery decision to auction off the company following an ongoing dispute between co-owners.
WILMINGTON, Del., June 28, 2017 /PRNewswire-USNewswire/ -- Over the past year, thousands of Delaware voters and residents have voiced concern about Delaware's business-friendly reputation through calls, emails and petitions to their lawmakers. As Senators continue to disregard their constituents' concerns, CPBD plans to back candidates that will support and nurture Delaware's business-friendly reputation. "We have traversed the state and promised Delawareans that we would broadcast their concerns over anti-business tendencies of certain members of this legislature," said Chris Coffey, Campaign Manager of Citizens for a Pro-Business Delaware. "Lawmakers aren't listening and since many lawmakers' only competition is the primary elections, where only a few hundred votes can make all the difference, we will make sure that pro-business candidates are viable in those early races."
Citizens for a Pro-Business Delaware reported that voters continue to support for passage of a bill that would stop a Chancery Court-ordered sale of the company for three years.
CPBD commissioned Slingshot Strategies, LLC to conduct a recent poll of 800 registered Delaware voters. The poll found that 70 percent supported SB53, which would require the Delaware Court of Chancery to wait three years before it can order the sale of a profitable Delaware company such as TransPerfect.