On August 27, 2012, the Delaware Supreme Court, in a lengthy, 110 page opinion, affirmed the Court of Chancery’s judgment of over $2 billion in damages in connection with a breach of fiduciary duty claim relating to the sale of a company. The Supreme Court also affirmed the award of attorneys’ fees totaling $300 million. For a link to the case, Americas Mining Corp. v. Theriault, No. 29, 2012 (Del. Aug. 27, 2012), click here.
Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.Register
If you have any questions about the service please contact email@example.com or call Lexology Customer Services on +44 20 7234 0606.
Delaware Supreme Court affirms substantial judgment and hundreds of millions of dollars in fees for breach of fiduciary duty
If you are interested in submitting an article to Lexology, please contact Andrew Teague at firstname.lastname@example.org.
Group Manager, Legal and Business Services
Australian Grand Prix Corporation