Mineweb.com reports that "Delaware's Supreme Court reaffirmed the Court of Chancery's
decision to award $2 billion to Phoenix-based Southern Copper Corp. for "overpaying its
corporate parent Grupo Mexico during its acquisition of Minera Mexico."
"The crux of their argument was that Grupo Mexico received more than $3
billion worth of Southern Peru stock in exchange for something that was
not worth nearly that much, Minera."
The judge also awarded "the largest attorneys' fees ever awarded by Delaware
Court of Chancery at a rate of $35,000 per hour for a total of $304