Delaware Supreme Court affirms $2 billion damages award for controlling stockholder transaction found to be unfair *

USA - September 6 2012
In October 2011, Chancellor Leo Strine of the Delaware Chancery Court awarded more than $1.2 billion in damages and interest to Southern Peru Copper Corp. ("Southern Peru") after determining at trial that in a "manifestly unfair transaction," it had substantially overpaid for a mining company that it bought from its controlling stockholder.

Co-authors: Patricia J. Villareal, William S. Freeman , Robert W. Gaffey, Eric Landau , Robert A. Profusek.

Delaware court resuscitates a derivative lawsuit despite dismissal with prejudice in another forum *

USA - June 25 2012
On June 11, 2012, the Delaware Chancery Court ruled that a shareholder derivative case could proceed against the directors of Allergan, Inc., even after a federal court in California had dismissed with prejudice a parallel action based on identical claims.

Co-authors: William S. Freeman , Andrew M. Levine , Eric Landau , Robert C. Micheletto , Scott Fletcher.