The Delaware Court of Chancery's record-setting awards for damages and attorney fees in the Southern Peru shareholder litigation was affirmed by the Delaware Supreme Court on Monday. In its opinion, the Supreme Court held that the trial court did not abuse its discretion when it awarded $2 billion in damages to Southern Peru's shareholders or awarded $304 million, roughly 15 percent of the total judgment, to plaintiffs counsel.
Record-Setting Damages, Fees Affirmed in Delaware Suit
The Legal Intelligencer
August 30, 2012
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