The Delaware Supreme Court today, in the case of Americas Mining Corp. v. Theriault, No. 29, 2012 (Del. Aug. 27, 2012), read here, in a 110-page opinion, upheld the Court of Chancery’s 100-plus page decision awarding over $2 billion in damages based on a breach of fiduciary duty claim in connection with the
derivative action
Chancery Grants Attorneys’ Fee Award of More Than $285 Million
By Francis Pileggi on
Posted in Chancery Court Updates
In Southern Peru Copper Corporation Shareholder Derivative Litigation, several months ago in a 100-plus page decision summarized on these pages here, the Court of Chancery granted a judgment in the amount of $1.2 billion. That judgment was won by the lawyers in this derivative case on a contingency fee basis. Today, as reported by…