The Delaware Court of Chancery Unveils Largest Judgment

On Oct. 14, 2011, the Delaware Court of Chancery issued a 105-page post-trial opinion in In re Southern Peru Copper Corporation Shareholder Derivative Litigation, which involved a challenge to Southern Peru Copper Corp.’s purchase of Minera Mexico, S.A. de C.V. from Southern Peru’s controlling stockholder, Grupo Mexico, S.A.B. de CV. The opinion contains an award of 1.3 billion in damages – the largest in the court’s history.

[via: Litigation: The Delaware Court of Chancery’s largest judgment at InsideCounsel]

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