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NICHOLL v. TORGOW

No. 344000, No. 344009.

950 N.W.2d 535 (2019)

330 Mich.App. 660

Kevin NICHOLL, City of Livonia Employees Retirement System, and Regina Gertil Lee, Plaintiffs-Appellants, v. Gary TORGOW, David T. Provost, Gary S. Collins, Max A. Berlin, Jennifer M. Granholm, Paul E. Hodges III, Ronald A. Klein, Barbara J. Mahone, Robert H. Naftaly, Albert W. Papa, Thomas L. Schellenberg, Arthur A. Weiss, and Keefe Broyette & Woods, Inc., Defendants-Appellees. In re Talmer Bancorp Shareholder Litigation. City of Livonia Employees Retirement System and Regina Gertil Lee, Plaintiffs-Appellants, v. Chemical Financial Corporation and Talmer Bancorp, Inc., Defendants, and Gary Torgow, David T. Provost, Gary S. Collins, Max A. Berlin, Jennifer M. Granholm, Paul E. Hodges III, Ronald A. Klein, Barbara J. Mahone, Robert H. Naftaly, Albert W. Papa, Thomas L. Schellenberg, Arthur A. Weiss, and Keefe Broyette & Woods, Inc., Defendants-Appellees.

Court of Appeals of Michigan.

Decided October 17, 2019.

Approved for Publication December 17, 2019, 9:15 a.m.

Attorney(s) appearing for the Case

The Miller Law Firm, PC, Rochester (by E. Powell Miller and Marc L. Newman ) and Robbins Geller Rudman & Dowd LLP (by David T. Wissbroecker and Maxwell R. Huffman) for Kevin Nicholl, City of Livonia Employees Retirement System, and Regina G. Lee.

King and Murphy, PLLC, Birmingham (by Stephen W. King ) and Manatt, Phelps & Phillips LLP (by Andrew L. Morrison ) for Keefe Broyette & Woods, Inc.

Warner Norcross & Judd LLP (by Michael G. Brady , Southfield, and Matthew T. Nelson , Grand Rapids), Dechert LLP (by David H. Kistenbroker , Joni S. Jacobsen , and Melanie McKay ), and Zausmer, August & Caldwell, PC, Farmington Hills (by Gary August ) for Gary Torgow, David T. Provost, Gary S. Collins, and others.

Before: Borrello, P.J., and K.F. Kelly and Servitto, JJ.

In these consolidated cases, plaintiffs challenge the trial court's orders granting defendants summary disposition pursuant to MCR 2.116(C)(6) (prior action between the same parties) and (10) (no genuine issue of material fact). We affirm.

I. BASIC FACTS

Plaintiffs are shareholders of Talmer Bancorp, Inc. (Talmer). The individual...

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