As pointed out in the comments, the verdict is in on the great American pants lawsuit. The plaintiff lost and the dry cleaners won. The opinion is here, and the judgment is here (Via WSJ Law Blog). The dry cleaners were cleared, and no liability was found. The plaintiff was ordered to pay the defendant's court costs, but those are not the attorney's fees, but rather the filing fees, and which amount to about $1,000. There is a motion to make him pay the attorney's fees, but as Walter Olson points out, that burden is quite high to meet. Stay tuned!
Update: Bainbridge has a fun look at what would have happened had the plaintiff prevailed. My favorite:
Disappointed to find only gasoline in your tank, sue Exxon for failing to provide the "tiger in your tank" they promised.