On August 27th, the Delaware Supreme Court affirmed the Chancery Court's award of over $2 billion in damages and more than $304 million in attorneys' fees in a shareholder derivative lawsuit. The Court agreed that Americas Mining Corporation, the subsidiary of Southern Copper Corporation's controlling shareholder, and affiliate directors of Southern Peru, breached their fiduciary duty of loyalty to Southern Peru and its minority stockholders by causing Southern Peru to acquire the controller's 99.15% interest in a Mexican mining company, Minera Mexico, S.A. de C.V., at an unfair price. Americas Mining Corp. v. Theriault.