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.