A state senator has expressed concern over reports of a court-ordered sale of translation services company TransPerfect. Colin Bonini, R-Dover, wrote a letter to Credit Suisse, the investment bank managing the court-ordered sale seeking assurances of the integrity of the sales process.
Citizens for a Pro-Business Delaware launched a media campaign, including new national TV spots on the possible impact of the sale of TransPerfect.
In announcing the campaign earlier this month, group noted that the U.S. Chamber of Commerce released a report showing that the state’s corporate law reputation rating fell ten spots. The state had held the top rating since the survey was launched.
DOVER, Del., Sept. 28, 2017 /PRNewswire/ -- Citizens for a Pro-Business Delaware (CPBD) launched a major media campaign, including new national TV spots, to inform Delaware residents of the negative impacts that the court-ordered sale of TransPerfect is having on Delaware's business climate. Earlier this month, the U.S. Chamber of Commerce released a report showing that Delaware's business-friendly reputation has fallen ten spots forcing business leaders to consider other states when incorporating their companies.
Coming on the heels of some major news indicating that Delaware is no longer the preferred state to incorporate in, experts have been trying to understand what has happened. How does the First State become the 11th in a world where nearly everyone used to incorporate in Delaware? Lisa Rickard, president of the Institute for Legal Reform, said, “Delaware no longer lives up to its nickname as the ‘First State.”
WILMINGTON, Del., Sept. 12, 2017 /PRNewswire/ -- Citizens for a Pro-Business Delaware Campaign Manager Chris Coffey made the following statement after the U.S. Chamber of Commerce dropped Delaware more than 10 spots in its latest Lawsuit Climate Survey.
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.