Citizens For A Pro-Business Delaware Files Amicus Brief With The Supreme Court Of Delaware

DOVER, Del., Oct. 11, 2016 /PRNewswire/ -- Citizens for a Pro-Business Delaware, an advocacy group focused on saving the jobs of 4,000 TransPerfect employees, officially submitted a motion to file an amicus brief, along with the amicus brief itself, with the Supreme Court of Delaware requesting that the Supreme Court order the Court of Chancery to appoint a custodian to serve as a provisional director of TransPerfect.

"We hope this brief provides a well-founded argument supporting the appointment of a provisional director to TransPerfect," said Miranda Wessinger, President of Citizens for a Pro-Business Delaware. "We believe this will protect thousands of jobs at the company, and we look forward to continuing to work with elected officials and the courts to find a solution that is best for Delaware businesses."

The amicus brief comes after the Court of Chancery ordered an appointed custodian to sell TransPerfect amid an internal dispute among company owners. Instead of selling the company, the Citizens for a Pro-Business Delaware requests that the Court of the Chancery appoint a custodian to act as a provisional director until the dispute is resolved.

Citizens for a Pro-Business Delaware is a group made up of more than 2,200 members including employees of the global translation services company TransPerfect, as well as concerned Delaware residents, business executives and others. They formed in April of 2016 to focus on raising awareness with Delaware residents, elected officials, and other stakeholders about the issue.

The filing of the amicus brief comes several days after Citizens for a Pro-Business Delaware submitted a white paper to the Delaware State Bar Association's Section of Corporation Law and its Council. The white paper argued in favor of an amended statute to ensure that a successful, profitable company cannot be so easily split-up and sold.

Citizens for a Pro-Business Delaware has also been actively pursuing a multifaceted campaign that includes newspaper ads in local papers, canvassing local neighborhoods, lobbying elected officials, running radio ads, posting billboards and more. The group had a booth at the Delaware State Fair in July and continues to have a presence at local events throughout the state. 

For more information on Citizens for a Pro-Business Delaware visit DelawareForBusiness.org.

Contact:
Kate Leisner, [email protected] 
Julijana Englander, [email protected] 

SOURCE Citizens for a Pro-Business Delaware

Related Links

http://DelawareForBusiness.org