Last week, in an opinion authored by Judge Richard Posner, the U.S. Court of Appeals for the Seventh Circuit rejected a proposed class-action settlement arising from Walgreen Co.’s acquisition of the Swiss-based pharmacy company, Alliance Boots GmbH. In re Walgreen Co. Stockholder Litigation, No.
Lawyers dream about doing little to no work and getting paid a fortune for the work they didn’t do. A group of hotshot securities lawyers recently was on the verge of just such a payday. They stood to collect $370,000 in legal fees for work that didn’t benefit their clients one iota.
Lufthansa and Iberia persuaded a U.S. appeals court in Chicago to reject efforts by passengers to hold them liable for delays on multi-leg international flights involving multiple airlines. Tuesday’s decision by Judge Richard Posner of the 7th U.S. Circuit Court of Appeals highlights the hurdles that passengers can face in holding carriers liable for travel snags, including when foreign laws or …