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OAKLAND POLICE & FIRE RETIREMENT v. MAYER BROWN

No. 16-2983.

861 F.3d 644 (2017)

OAKLAND POLICE & FIRE RETIREMENT SYSTEM, et al., Plaintiffs-Appellants, v. MAYER BROWN, LLP, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided June 28, 2017.

Attorney(s) appearing for the Case

Edward F. Haber , Michelle H. Blauner , Attorneys, Shapiro, Haber & Urmy LLP, Boston, MA, Michael J. Freed , Robert J. Wozniak , Attorneys, Freed Kanner London & Millen LLC, Bannockburn, IL, Kathryn Schubert , Attorney, Schubert Jonckheer & Kolbe LLP, San Francisco, CA, for Plaintiffs-Appellants.

Timothy J. Miller , Stephen Novack , Andrew P. Shelby , Amanda M.H. Wolfman , Attorneys, Novack & Macey LLP, Chicago, IL, for Defendant-Appellee.

Before Posner, Manion, and Hamilton, Circuit Judges.

This appeal began with a $1.5 billion (with a "b") mistake in documenting a commercial transaction. The central question is who might be held legally responsible for that mistake. General Motors, represented by the Mayer Brown law firm, entered into two separate secured transactions in which the JP Morgan bank acted as agent...

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