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| January 9, 2012

Delaware Quarterly, Recent Developments in Delaware Business and Securities Law

The Delaware courts ended the year with a bang, issuing several prominent corporate governance decisions. Garnering the most attention was Chancellor Strine’s hot button ruling in In re Southern Peru Copper Corp. Shareholder Derivative Litigation in which the Court awarded over $1.3 billion in damages (plus interest) in a derivative action to remedy breaches of fiduciary duty by a controlling stockholder in orchestrating an unfair transaction with the entity it controlled.

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