Walter v. M Walter & Co, Inc

Defendants, Edwin P. Walter and Richard Grotz, appeal by leave granted from the order of the circuit court finding defendants sub ject to limited personal jurisdiction in Michigan. We affirm.

This case concerns a shareholders’ derivative suit against, among others, two of defendant M. Walter & Co.’s officers and directors on the basis of mismanagement of corporate assets and usurpation of corporate opportunities. M. Walter & Co., Inc., is a Delaware corporation that does substantial business in Michigan growing, harvesting and marketing Christmas trees throughout the United States and Canada.…