Manatt Successfully Represents Keefe, Bruyette & Woods in Appellate Shareholder Class Action Suit

Manatt represented Keefe, Bruyette & Woods in a high-profile appeal of a consolidated putative shareholder class action lawsuit in connection with the $1.8 billion merger between Chemical Financial Corporation and Talmer Bancorp, Inc., for whom Keefe, Bruyette & Woods served as financial advisor. In their original consolidated lawsuit, the shareholder class alleged that Talmer’s board of directors had breached fiduciary duty, and that Keefe, Bruyette & Woods had aided and abetted those breaches. The Michigan Court of Appeals affirmed the lower court’s order, granting summary disposition to Keefe, Bruyette & Woods and the board of Talmer.

Keefe, Bruyette & Woods is a full-service, boutique investment bank and broker-dealer specializing in the financial services sector.

The Manatt team advising Keefe, Bruyette & Woods was led by Manatt Financial Services partner Andrew Morrison and included litigation counsel Samantha Katze and associate Danielle Newman.

Read the full opinion here.

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