David Marcus Discusses Friday's $76 Million Verdict Against RBC

Delaware Vice Chancellor J. Travis Laster awarded stockholders of Rural Metro Corp. $76 million in damages on Friday in a 95-page opinion that will likely cause months of debate and controversy and could have far-reaching effects on Delaware litigation and corporate practice. RBC Capital Markets LLP is liable for the entire figure; a spokesman for the bank said on Friday that it's 'reviewing the decision and considering our options,' which include appealing the ruling to the Delaware Supreme Court. This is the culmination of a case that arose from a 2011 transaction in which Rural Metro sold to Warburg Pincus LLP for a 37% premium.