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....
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