TransPerfect co-founder and CEO Elizabeth Elting is trying to thwart a last-minute bid in the Delaware Court of Chancery to avoid the court-ordered sale of the profitable translation-services company.
On Tuesday, Elting’s lawyers filed a motion asking Chancellor Andre G. Bouchard to enforce his 2016 order to sell the company by modified auction and to cancel a scheduled hearing on Shirley Shawe’s attempt to force a shareholder meeting to resolve the intractable corporate deadlock that has plagued the firm for years.
