Lawyers for a company awarded approximately $13.4 million in legal fees in a decades-long dispute over Iranian dairy interests got bad news Tuesday morning. The U.S. Court of Appeals for the District of Columbia Circuit reversed the fee awards, finding their client was instead entitled to only $29,516.
Morgan, Lewis & Bockius and Winston & Strawn represented McKesson Corp. in litigation against Iran. McKesson partnered with Iranian investors to create a dairy in Iran in the 1960s, but the company and its personnel fled during the Iranian Revolution in 1979. In litigation dating to 1982, McKesson accused Iran of expropriating its interests in the dairy and sued for damages.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
