The Delaware Chancery Court ordered Grupo Mexico to pay $1.26 billion in damages to the shareholders of Southern Peru Copper Co., which is said to be the largest derivative shareholder award ever handed down by the court.
Chancellor Leo E. Strine Jr. awarded the damages inIn re Southern Peru Copper Shareholder Derivative Litigation , calling Grupo’s sale of its interest in Minera Mexico, a Mexican mining company, to Southern Peru an "unfair transaction."
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