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GALJOUR v. BANK ONE EQUITY INVESTORS-BIDCO

No. 2005-CA-1360.

935 So.2d 716 (2006)

Roland GALJOUR, Individually and on Behalf of all Others Similarly Situated. v. BANK ONE EQUITY INVESTORS-BIDCO, INC., Seaport Capital Partners, II L.P., Surgient Networks, Inc., David McCrory, Kevin Brandon, Andrew Meyers, Jim Collis, Michael Kirby, Ronald Hardy and James Roussel, Jr.

Court of Appeal of Louisiana, Fourth Circuit.

June 21, 2006.

Attorney(s) appearing for the Case

Joseph N. Mole, Miles P. Clements, Kerry J. Miller, Frilot, Partridge, Kohnke & Clements, L.C., New Orleans, LA, for Plaintiff/Appellant.

Thomas K. Potter, III, Amy L. Glovinsky, Coleman D. Ridley, Jr., Jones, Walker, Waechter, Poitevent, Carrere & Denegre, L.L.P., New Orleans, LA, for Defendants/Appellees (Seaport Capital Partners, II, L.P., David McCrory, Kevin Brandon, Andrew Meyers, Jim Collis, Michael Kirby, Ronald Hardy, and James Roussel, Jr.).

Robert S. Rooth, Douglas L. Grundmeyer, Peter J. Rotolo, III, Chaffe McCall, L.L.P., New Orleans, LA, for Defendant/Appellee (Bank One Equity Investors-Bidco, Inc.).

(Court composed of Judge PATRICIA RIVET MURRAY, Judge TERRI F. LOVE, Judge MAX N. TOBIAS, JR.).

PATRICIA RIVET MURRAY, Judge.

The issue in case is whether the trial court properly denied the motion to certify this shareholder breach of fiduciary duty suit as a class action. Answering that question in the affirmative, we affirm.

FACTUAL AND PROCEDURAL BACKGROUND

This suit arises out of the April 2003 merger of two privately-held companies: ProTier Corporation ("ProTier") and Surgient Networks, Inc. ("Surgient"). The plaintiff, Roland Galjour...

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