First Bank Of Delaware Investor Demands To See Records

Law360, Wilmington (October 25, 2013, 9:33 PM ET) -- A First Bank of Delaware investor fired off a books and records complaint Friday, seeking to investigate whether the bank's directors were culpable for a series of alleged consumer frauds that ultimately led to the bank's demise and a $16 million settlement with authorities.

Walter Moser filed his demand in the Delaware Court of Chancery. He is also seeking to determine the financial condition of the FBD Liquidating Trust, which succeeded the bank, and to gauge the independence of the five trustees, all of whom were...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers