May 01, 2020
Wilmington Trust has agreed to cough up $88 million to resolve the U.S. Department of Labor's allegations that it allowed a host of employee retirement plans to overpay for various companies' stock.
March 29, 2019
The U.S. Department of Labor has accused Wilmington Trust of breaching its duties under the Employee Retirement Income Security Act, saying the bank allowed an employee retirement plan to overpay for company stock by tens of millions of dollars.