Jones v. Harris Decision

The Supreme Court this morning handed down its opinion in Jones v. Harris, unanimously reversing Chief Judge Easterbrook’s Seventh Circuit decision (opinion by Justice Alito, with a concurrence by Justice Thomas).  

I’ll try to post more about the decision later, when I get a chance to read it more closely.  In the meantime, Steve Bainbridge and William Birdthistle have coverage.  I previously blogged about the case on the day of oral argument (see Is Jones v. Harris Boring? Is My Boss Overpaid? Blawg Readers Be The Judge) and also mentioned The Conglomerate’s Jones v. Harris Masters Forum, which featured several detailed posts on the case and the issues raised by it.

 

Comments

[roger dennis]

Kim..an interesting take on the case is that it might show buyers regret on l & e, just like the death of Edgar v. Mite in the takeover context..r

[Kim Krawiec]

Thanks Roger -- wow, I haven't thought about Edgar v. Mite in a long time (you can tell I haven't taught M&A in a while). I'm not sure that I know what to make of the Jones v. Harris decision yet -- have to look at it more thoroughly when I get a chance. But I think I might disagree with some of the commenters that have spoken out so far on its potential meaning. If that turns out to be the case, I'll certainly be back with another post. You know me well enough to know that I won't let an opportunity for public disagreement pass me by. :-)