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.
