Delaware Supreme Court affirms substantial judgment and hundreds of millions of dollars in fees for breach of fiduciary duty

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.