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CITY OF LIVONIA EMPLOYEES' RET. v. BOEING CO.

Nos. 12-1899, 12-2009.

711 F.3d 754 (2013)

CITY OF LIVONIA EMPLOYEES' RETIREMENT SYSTEM AND LOCAL 295/LOCAL 851, IBT Employer Group Welfare Fund, individually and on behalf of all others similarly situated, Plaintiffs-Appellants/Cross-Appellees, v. The BOEING COMPANY, W. James McNerney, Jr., and Scott E. Carson, Defendants-Appellees/Cross-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided March 26, 2013.

Attorney(s) appearing for the Case

Michael J. Dowd , Attorney, Eric A. Isaacson (argued), Attorney, Thomas E. Egler , Attorney, Maureen E. Mueller , Attorney, Jessica Shinnefield , Attorney, Trig R. Smith , Attorney, Robbins Geller Rudman & Dowd LLP, San Diego, CA, Marvin A. Miller , Attorney, Lori A. Fanning , Attorney, Miller Law LLC, James E. Barz , Attorney, Robbins Geller Rudman & Dowd LLP, Chicago, IL, Deborah R. Gross , Attorney, Law Offices of Bernard M. Gross, Philadelphia, PA, Thomas Michaud , Attorney, Vanoverbeke Michaud & Timmony, P.C., Detroit, MI, for Plaintiffs-Appellants/Cross-Appellees.

Steve Y. Koh , Attorney, Kathleen M. O'Sullivan , Attorney, Eric B. Wolff (argued), Attorney, Perkins Coie LLP, Seattle, WA, Pravin Rao , Attorney, Eric D. Brandfonbrener , Attorney, Perkins Coie LLP, Chicago, IL, David Bruce Tulchin , Attorney, Sullivan & Cromwell, New York, NY, Brett C. Gerry , Attorney, Bellevue, WA, Lawrence Oliver, II , Attorney, Thomas W. Szromba , Attorney, Boeing Company, Chicago, IL, Lynda Guild Simpson , Attorney, Arlington, VA, for Defendants-Appellees/Cross-Appellants.

Before BAUER, POSNER, and SYKES, Circuit Judges.

POSNER, Circuit Judge.

These appeals present questions — substantive, procedural, and also relating to sanctions for attorney misconduct — arising from the plaintiffs' claim that the Boeing Company, along with its chief executive officer (McNerney) and the head of its commercial aircraft division (Carson), committed securities fraud in violation of section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and SEC Rule 10b-5, 17 C...

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