$304M Attys' Fees In Grupo Mexico Case Survive Challenge

Law360, Wilmington (September 21, 2012, 7:32 PM ET) -- The Delaware Supreme Court on Friday unanimously denied Grupo Mexico SAB's attempt to reduce the $304 million fee awarded plaintiffs' attorneys in a shareholder derivative suit against the mining company over a questionable merger, finding its motion for reargument barred by state law as well as lacking merit.

Delaware’s high court in August 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, and both Grupo...
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