Judge Appoints Retirement System As Lead Plaintiff In Merger Deal Securities Suit
Mealey's (September 15, 2016, 1:29 PM EDT) -- DETROIT — A federal judge in Michigan on Sept. 14 granted a shareholder’s motion for appointment of lead plaintiff and lead counsel in a securities class action lawsuit, ruling that the shareholder has met all statutory requirements to serve in those roles (Livonia Employees’ Retirement System v. Talmer Bancorp Inc., et al., No. 16-12229, E.D. Mich.; 2016 U.S. Dist. LEXIS 124417).
(Order available. Document #57-160919-032R.)
Shareholder Livonia Employees’ Retirement System (LERS) sued Talmer Bancorp Inc., Talmer’s Board of Directors and Chemical Financial Corp. in the U.S....