Court of Chancery of Delaware, 2021

In re TransPerfect Global, Inc.

In re TransPerfect Global, Inc.
Court of Chancery of Delaware · Decided April 30, 2021 · Bouchard C.
In re TransPerfect Global, Inc.

Opinion

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

In re: TRANSPERFECT GLOBAL, INC. C.A. No. 9700-CB

ELIZABETH ELTING, Petitioner, Vv. C.A. No. 10449-CB PHILIP R. SHAWE and SHIRLEY SHAWE, Respondents, and TRANSPERFECT GLOBAL, INC., Nominal Party.

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ORDER RESOLVING FEE OBJECTIONS AND RELATED MOTIONS IT IS HEREBY ORDERED, this 30" day of April, 2021, for the reasons explained in the memorandum opinion issued today, and using the definitions set forth therein, that: 1. The contempt motion (Dkt. 1448) is DENIED.

Dy, The preclusion motion (Dkts. 1469, 1470) is DENIED.

3. The bad faith motion (Dkt. 1589) is DENIED.

4. The fee objections (Dkts. 1429, 1571, 1573) are SUSTAINED IN PART and OVERRULED IN PART. Payment shall be made to Pincus as the former Custodian of TPG within five (5) business days as follows: $1,148,291 from TPG and Shawe; $1,907,039 from TPG; and $186,921 from the Escrow.

5. The fee petition process set forth in the Second Order Concerning Custodian’s Motion for Civil Contempt (Dkt. 1399), as modified on January 13, 2021 (Dkt. 1559), shall continue in effect and govern any future fee petitions with the following amendment: (a) Any petition Pincus intends to make for fees and expenses incurred in February 2021 and/or March 2021 shall be filed by May 15, 2021.

The court will decide any such petitions together with the petition filed on February 22, 2021 (Dkt. 1582). (b) Going forward, Pincus shall submit any fee petitions to the court on a quarterly basis within fifteen (15) business days following the end of the quarter in which such fees and expenses were incurred.

6. There being no just reason for delay, final judgment is entered under Court of Chancery Rule 54(b) with respect to the contempt motion, the preclusion motion, the bad faith motion, and the objections.

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