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Independent Bank Corporation, et al. v. Edward M. Walder, et al.

We represented a publicly traded Michigan bank in related state court cases in Illinois and Michigan in the bank's multimillion dollar indemnification claim against former shareholders of a Chicago-based company acquired by the bank. The claims were related to accounting improprieties, misrepresentations and breaches of the merger agreement. We also defended the bank against the former shareholders' claims that the bank failed to pay the required merger consideration.

Warner attorneys negotiated a settlement for the bank resulting in the dismissal of the claims of the former shareholders and a $2,800,000 payment to the bank by the former shareholders.