trending Market Intelligence /marketintelligence/en/news-insights/trending/4f0JXli3AIND0BVhHMOBrA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Yet another suit filed to stop the Talmer/Chemical deal

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Yet another suit filed to stop the Talmer/Chemical deal

A putative class-actioncomplaint was filed April 27 against TalmerBancorp Inc., Chemical FinancialCorp. and several individuals in connection with the proposed mergerof the two Michigan-based banks, according to a Form 10-Q filed May 6 by Talmer.

Like filed against the defendantsearlier in April, the complaint, among other things, alleges that there was omissionor misrepresentation of material information in the Form S-4 about the proposedmerger. The complaintalso seeks to stop the consummation of the transaction.

The defendantsbelieve that the claims are without merit. They vow to vigorously defend againstthese lawsuits, which Talmer shareholders filed in the U.S. District Court for theEastern District of Michigan.