Comments on: “Sears lawsuit only benefits plaintiffs’ lawyers – 7th Circuit” https://www.overlawyered.com/2012/06/sears-lawsuit-only-benefits-plaintiffs-lawyers-7th-circuit/ Chronicling the high cost of our legal system Thu, 14 Jun 2012 13:06:03 +0000 hourly 1 By: PointOfLaw Forum https://www.overlawyered.com/2012/06/sears-lawsuit-only-benefits-plaintiffs-lawyers-7th-circuit/comment-page-1/#comment-163182 Thu, 14 Jun 2012 13:06:03 +0000 http://overlawyered.com/?p=30512#comment-163182 Important Seventh Circuit ruling against shareholder derivative strike suits…

As both Daniel Fisher and the Economist documented recently, the percentage of M&A transactions worth over $500 million that result in shareholder derivative suits has risen from 39% to 96%. [Fisher; Economist; Reuters (quoting me); OL; see also Johnso…

]]> By: Cjohn https://www.overlawyered.com/2012/06/sears-lawsuit-only-benefits-plaintiffs-lawyers-7th-circuit/comment-page-1/#comment-163140 Thu, 14 Jun 2012 07:26:19 +0000 http://overlawyered.com/?p=30512#comment-163140 The oral argument, as one would expect from a Posner-Easterbrook panel, is entertaining. What I find particularly amazing is how many lawyers (like the one here) argue  in front of Posner and pay no mind to his golden rule, “Don’t rub the judges’ noses in precedent” (because it’s rarely as clear or one-sided as you think it is). 

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