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Press release content from Business Wire. The AP news staff was not involved in its creation.

Citizens for a Pro-Business Delaware Slams Appointment of Robert Pincus as ‘Special Master’ in Crystallex Sale

April 16, 2021 GMT

DOVER, Del.--(BUSINESS WIRE)--Apr 16, 2021--

After recent news that ex-Skadden Partner and former Custodian of the TransPerfect sale Robert Pincus has been appointed the “special master” of Crystallex’s sale of Citgo’s parent company, Citizens for a Pro-Business Delaware Campaign Manager Chris Coffey released the following statement:

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“Congratulations to Bob Pincus for finding yet another unwitting victim for his egregious and excessive billing practices. After years of draining TransPerfect’s coffers to the tune of over $44.5 million, it’s no surprise that Pincus has found another trough to feed at. While we hope the District Court is more judicious in overseeing Pincus’ spending than the Chancery Court, which approved millions of dollars in fees without requiring him to say where the money was going or what for, we’re not holding our breath. This is yet another example of the Delaware old boys’ club rewarding its own without transparency or accountability.”

View source version on businesswire.com:https://www.businesswire.com/news/home/20210416005412/en/

Sarah Hardy, sarah@urbaninfluencellc.com

KEYWORD: UNITED STATES NORTH AMERICA DELAWARE

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Citizens for a Pro-Business Delaware

Copyright Business Wire 2021.

PUB: 04/16/2021 11:58 AM/DISC: 04/16/2021 11:58 AM

http://www.businesswire.com/news/home/20210416005412/en