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Delaware’s Supreme Court upheld the court-ordered sale of a successful New York-based translation company after a judge concluded the relationship between the company’s two founders,

2017-02-14 13 Dailymotion

Delaware’s Supreme Court upheld the court-ordered sale of a successful New York-based translation company after a judge concluded the relationship between the company’s two founders,<br />and its sole directors, had devolved into “complete dysfunction.”<br />In a 4-to-1 ruling on Monday, the justices affirmed a Chancery Court ruling ordering the sale of the company, TransPerfect Global, which provides translation, website localization<br />and other services, with offices in more than 90 cities worldwide.<br />The judge concluded that the feuding founders — Philip Shawe<br />and Elizabeth Elting, who were formerly engaged — were hopelessly deadlocked over management of the privately held business, which they started in a college dorm room.<br />A version of this article appears in print on February 14, 2017, on Page B2 of the<br />New York edition with the headline: Forced Sale of Translation Company Is Upheld.

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