TransPerfect Global, Inc. v. Pincus

Summary

The Supreme Court of Delaware affirmed the Court of Chancery’s denial of TransPerfect Global and Philip Shawe’s motion to terminate the escrow agreement. The court held that specified motions constituted claims under the agreement, that those claims had not been resolved for one year after final appellate disposition, and that the escrow fund therefore remained in effect. The court also rejected estoppel and found no abuse of discretion in denying reconsideration.