Anyway the retroactive modification of a plan can't be used to diminish damages to which participants have been held entitled, even if the modification is lawful. In effect the defendant is arguing that okay, we screwed our participants unlawfully, but we could have screwed them lawfully, and that’s what we’ve now done by amending the

Seventh Circuit Judge Richard Posner today upheld (with help of course) a ruling against a plaintiff class that accused a pair of firms from the Great White North of scheming with U.S. outfits to raise the price of sulfuric acid, a by-product for the Canadians of smelting non-ferrous metals like nickel and copper.

The

Do you think of Chicago as an oil and gas town? Dallas, yes; Houston, for sure; New Orleans, uh-huh; maybe Bismarck, North Dakota (for the shale gas); and perhaps even New York (because of trading oil futures on the NYMEX).

Chicago? Meh.

But wait up. Today Judge Richard Posner wrote about oil and gas leases.

Blawgletter adores cases that involve energy — oil, gas, wind, sun, nuclear, electric, tidal, you name it. We tried one last May in Texas and another last month in Louisiana — and look forward to trying a Great Many others, within Texas and without.

Which made us smile today at Judge Posner's opinion yesterday in