Grupo Mexico Tries Again To Trim $304M Attys' Fee Award

Law360, Wilmington (September 12, 2012, 2:26 PM EDT) -- Grupo Mexico SAB on Tuesday asked the Delaware Supreme Court for another shot at arguing against the eye-popping $304 million in fees awarded to plaintiffs attorneys in a shareholder derivative suit against the mining company over a questionable merger between two companies it controlled.

On Aug. 27, Delaware’s high court upheld a $2 billion judgment against Grupo Mexico for pressuring one company it controls, Southern Copper Corp., to overpay for another, Minera Mexico, in a $3.75 billion deal in 2004. The five-judge panel also affirmed the...
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