Citizens For A Pro-Business Delaware Sends Mailer To More Than 8,000 Households Calling On State Legislature To Close The Loophole Allowing Court To Break Up Profitable Businesses

DOVER, Del., June 9, 2016 /PRNewswire/ -- Citizens for a Pro-Business Delaware, a group made up of concerned Delaware residents and employees of the global translation services company TransPerfect, announced today it has sent a new mailer to more than 8,000 households in the state calling on Representative Melanie George Smith and the state legislature to close the legal loophole allowing courts to break up profitable companies. The mailer is the latest effort of a grassroots statewide campaign to ensure TransPerfect – a private, thriving company – is not dissolved and sold through a stunning act of governmental overreach by the Delaware Court of Chancery. The mail piece – which can be viewed at DelawareforBusiness.org – also will be distributed at numerous locations across the state and a statewide mailing is planned in the coming days.

Citizens for a Pro-Business Delaware released the following statement: "Representative Melanie George Smith and her colleagues in the state legislature need to come together to close the loophole that is putting thousands of good-paying Delaware jobs in jeopardy. The business of Delaware is business. More than 60% of Fortune 500 companies are incorporated here. But the state's economic stability is being put at risk by the recent ruling that interferes with a private company's internal matters and sets a dangerous precedent for Delaware's historically pro-business climate. Our state leaders must act, and they must act now to protect Delaware businesses and Delaware jobs."

In August 2015, Chancellor Andre Bouchard of the Delaware Court of Chancery appointed a court custodian and ruled that TransPerfect – which is incorporated in Delaware and has nearly 4,000 employees globally – should be sold as a result of an internal dispute between the company's ownership. In response, more than 600 TransPerfect employees signed a letter in support of the company, leading to the formation of Citizens for a Pro-Business Delaware, which now includes many concerned Delaware residents as well. The group has launched a multifaceted campaign in the state that will focus on raising awareness with Delaware residents, elected officials, and other stakeholders, to ensure they understand the consequences the Court's ruling would have on the state and its underlying economy. The group is actively considering legislation to block this type of judicial overreach from occurring in Delaware and are currently in discussions with legislators from both sides of the aisle.

Citizens for a Pro-Business Delaware previously sent a mailer to 10,000 households in Delaware and launched a radio ad campaign on stations across the state. Print and digital ads – calling on residents to contact their state legislators – also ran in a number of publications statewide.

Contact: Patrick Muncie (Tusk Strategies); 212-966-5161

SOURCE Citizens for a Pro-Business Delaware