TPG said Credit Suisse's data room security measures were “well below industry standards”. Credit Suisse is not a defendant. (Credit: iStock/aprott)

Translation company accuses rival of data room access abuse

Translation company Transperfect Global has accused rival Lionbridge Technologies and its private equity owner of illegally acquiring confidential data held in a Credit Suisse data room during a potential takeover, and using the information to bolster Lionbridge’s business.