The Delaware Court of Chancery having appointed a Custodian to sell a deadlocked company and having approved the sale, in In re TransPerfect Global, Inc., C.A. No. 9700-CB, memo. op. (Del. Ch. Oct. 17, 2019), finds that the company and the party that bought it acted in contempt of an order retaining jurisdiction by suing the Custodian in another state.
Morris James discusses the decision in Chancery Enters Sanctions in TransPerfect Litigation for Violating Exclusive Jurisdiction Provision in Court Order.