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In Re Wilmington Trust Securities Litigation

  1. May 25, 2018

    Wilmington Trust Securities Fraud Class Reaches $210M Deal

    A class of shareholders accusing Wilmington Trust of concealing information about its fiscal health in its filings with the U.S. Securities and Exchange Commission asked a Delaware federal judge Friday to approve a $210 million deal to end its securities fraud suit.

  2. October 07, 2016

    Del. US Atty Backs Wilmington Trust Discovery Restart

    Federal prosecutors in Delaware have agreed to support lifting a stay on a shareholder class suit against Wilmington Trust and related parties, provided the order allows a resumption of all discovery, with a protective order limiting use of civil depositions in criminal proceedings.

  3. August 25, 2016

    Wilmington Trust Investors Oppose Delay Of Criminal Trial

    Shareholders suing Wilmington Trust in Delaware federal court asked the judge presiding over a separate criminal fraud case against the bank Wednesday to deny the bank's request to delay the start of trial until September 2017, saying the bank has had enough time to review the millions of documents in the case.

  4. March 04, 2016

    Prosecutor Fights Discovery In Wilmington Trust Class Suit

    A dispute has erupted over a request to resume discovery in a federal class action suit targeting Wilmington Trust Co.'s concealment of disastrous loan portfolio weaknesses, with parties in a related criminal case joining in.

  5. November 03, 2015

    Wilmington Investor Class Action Stayed For Criminal Probe

    A Delaware federal judge agreed Tuesday to re-freeze discovery in a class action alleging Wilmington Trust Corp. misled investors about a precarious loan portfolio that fueled the bank's downfall and hasty merger with M&T Bank Corp., so as not to taint a criminal case set for trial next year.

  6. September 03, 2015

    Shareholders Win Class Cert. In Wilmington Trust Fraud Suit

    A Delaware federal judge granted class certification in a securities suit against Wilmington Trust Corp. on Thursday, saying damages did not need to be calculated yet.

  7. June 29, 2015

    Wilmington Trust Seeks To Nix Class Cert In Fraud Suit

    Wilmington Trust Corp. urged a Delaware federal judge Monday to deny class certification to shareholders who claim the bank and its brass provided misleading information about its precarious loan portfolio, saying the suing shareholders failed to demonstrate that their damage claims take center stage.

  8. March 02, 2015

    Wilmington Trust Criminal Probe May Be Close To Completion

    March could be a cruel month for former Wilmington Trust Co. officers if a federal probe into what prosecutors have called a "bank-wide scheme" to conceal past due and non-performing real estate loans in a portfolio exceeding $1.7 billion bears fruit.

  9. October 17, 2014

    Pa. Financial Regulator Wants In On Wilmington Trust Suit

    Pennsylvania's financial regulator on Friday sought to intervene in a consolidated class action alleging Wilmington Trust Corp. misled investors about a precarious loan portfolio that fueled the bank's downfall and hasty merger with M&T Bank Corp., asserting that it needs to protect privileged, confidential communications with Wilmington Trust.

  10. October 10, 2014

    Stay In Wilmington Investor Row Sought For Criminal Probe

    The federal government sought to join a consolidated class action alleging Wilmington Trust Corp. misled investors about a precarious loan portfolio that fueled the bank's downfall and hasty merger with M&T Bank Corp., asking a Delaware federal court Friday to stay discovery pending a criminal investigation.

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