Key Takeaways From Southern Peru

Law360, New York (April 13, 2012, 5:21 PM EDT) -- In a recent opinion issued by the Delaware Court of Chancery, In re Southern Peru Copper Shareholder Derivative Litigation, the court awarded $1.26 billion in damages to address a failed special committee process in a related party purchase of a business from a controlling stockholder. The case provides some key takeaways on forming a “well-functioning” special committee when considering a related party transaction.


Grupo Mexico, the majority stockholder of Southern Peru, an NYSE-listed mining company, approached Southern Peru with a proposition: purchase Grupo Mexico’s nonpublicly...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.