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Choate v. Wilmington Trust, N.A.
Case Number:
1:17-cv-00250
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 17, 2020
Wilmington Trust Inks $19.5M Deal To End ERISA Class Action
Delaware-based money management firm Wilmington Trust has agreed to pay $19.5 million to settle an ERISA class action accusing it of letting an energy company's employee stock ownership plan shell out millions more than it needed to in a $375.5 million stock purchase.
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December 10, 2019
Wilmington Trust ESOP Dispute Gets Class Treatment
A Delaware federal judge Tuesday certified a class of participants in Martin Resource Management's employee stock ownership plan in an ERISA suit claiming Wilmington Trust allowed them to be saddled with millions of dollars of debt when they purchased company stock.