TERRA FIRMA INVESTMENTS (GP) 2 LTD. v. CITIGROUP INC.

Docket No. 11-126.

716 F.3d 296 (2013)

TERRA FIRMA INVESTMENTS (GP) 2 LIMITED, Terra Firma Investments (GP) 3 Limited, Plaintiffs-Appellants, v. CITIGROUP INC., Citigroup Global Markets Limited, Citigroup Global Markets Inc., Citibank, N.A., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided: May 31, 2013.


Attorney(s) appearing for the Case

David Boies ( Christopher E. Duffy , Jonathan H. Sherman , on the brief), Boies, Schiller & Flexner LLP, New York, NY, for Plaintiffs-Appellants.

Jay Cohen ( Brad S. Karp , Theodore V. Wells, Jr. , John F. Baughman , on the brief), Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for Defendants-Appellees.

Before: WALKER, LYNCH, and LOHIER, Circuit Judges.


Judge LOHIER joins the opinion of the Court and files a concurring opinion.

JOHN M. WALKER, JR., Circuit Judge:

Absent fundamental error, we are loath to overturn a jury verdict in a civil case. Jury trials are expensive, in time and resources, both for the litigating parties and for society as a whole. We are particularly reluctant to overturn a jury verdict when, as here, it appears that both parties have had a fair bite at the proverbial apple.

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