April 17, 2020
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.
December 10, 2019
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.