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Seventh Circuit Slams Plaintiffs’ Lawyers in Sears Lawsuit
Wall Street Journal ^
| Joe Palazzolo
Posted on 06/13/2012 11:06:22 AM PDT by AtlasStalled
The Seventh Circuit Court of Appeals, in no uncertain terms, spiked a derivative lawsuit filed against the board of Sears Holdings on Wednesday, ruling that it serves no goal other than to move money from the corporate treasury to the attorneys coffers.
(Excerpt) Read more at blogs.wsj.com ...
TOPICS: Business/Economy; News/Current Events
...serves no goal other than to move money from (any defendant) to the attorneys coffers.
Isn't this the goal of any attorney??
posted on 06/13/2012 11:14:03 AM PDT
Attorneys who do this crap need to have some sort of fine imposed .
posted on 06/13/2012 11:21:08 AM PDT
( (free speech is only good until someone else doesn't like it)
serves no goal other than to move money from the corporate treasury to the attorneys coffers.
Sounds just like the Agent Orange settlement: lawyers struck gold - VN vets got the shaft.
posted on 06/13/2012 11:23:00 AM PDT
A rare but welcomed ruling in a bogus lawsuit case. Kudos to Judge Easterbrook for his common sense decision and well-deserved rebuke to the conniving attorneys that instituted this lawsuit with the expectation of reaping a huge windfall in undeserved fees. If only we had more decisions such as this when these bogus lawsuits end up before a judge.
posted on 06/13/2012 11:24:14 AM PDT
by Jim Scott
Who was the idiot District Court judge who let this case start?
posted on 06/13/2012 1:37:20 PM PDT
(Eat the rich only if you're certain it's your last meal)
What a shame! If this had been allowed to go forward, I bet we could have filled out a three page questionnaire and gotten a coupon for 25 cents off a set of wrenches from Sears if we buy them by November 18, 2012. The lawyers would get 7 million dollars up front, of course.
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