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USA v. Wilmington Trust Corporation et al

  1. March 13, 2018

    Wilmington Trust Execs Challenge DOJ's Fraud Evidence

    Attorneys defending four Wilmington Trust Corp. executives charged in an alleged scheme to hide hundreds of millions in past due commercial loans told a Delaware jury Tuesday that the government can't back up its charges and tried instead to criminalize years-old loan-saving practices.

  2. March 12, 2018

    DOJ Claims 'Lies' In Ex-Wilmington Trust Execs' Fraud Trial

    Four former Wilmington Trust Corp. executives "lied repeatedly" about the bank's commercial loan portfolio to regulators, investors and the public in 2009 and 2010, a federal prosecutor said Monday at the opening of the officials' fraud and securities trial in Delaware.

  3. March 09, 2018

    Wilmington Trust Execs' Fraud Trial Set To Begin In Del.

    Federal prosecutors were poised for a second time Friday to take four Wilmington Trust Corp. executives to trial in Delaware on securities fraud and related charges for allegedly hiding more than $1 billion in past due loans, in a case that will likely hinge on disputed loan status reporting mandates.

  4. March 06, 2018

    Wilmington Execs Can't Block Loan Rule Citings In Fraud Trial

    A Delaware federal judge on Tuesday rejected an attempt by four former Wilmington Trust Corp. executives to block federal prosecutor references to a key circumstance for reporting past due loans, days ahead of opening arguments in their fraud, conspiracy and securities violation trial.

  5. March 02, 2018

    Wilmington Trust Execs Want Loan Rule Barred From Trial

    Attorneys representing four former Wilmington Trust Corp. executives charged with fraud, conspiracy and securities violations threw a stick at the prosecution's spokes on the eve of trial Friday, asking a Delaware federal judge to forbid references to a pivotal instruction for past-due loan reporting.

  6. October 10, 2017

    Wilmington Trust Pays $44M To Settle Securities Case

    Wilmington Trust Corp. agreed to settle a more than two-year federal criminal securities fraud prosecution Tuesday, accepting a $44 million civil fine in Delaware federal court shortly before the start of a jury trial on claims that the bank concealed hundreds of millions in bad commercial loans in 2009 and 2010.

  7. October 06, 2017

    Wilmington Trust Judge Rejects Bank Doc Tiff Trial Delay

    A federal judge in Delaware on Friday rejected Wilmington Trust Corp's call to postpone Tuesday's scheduled start of the bank's criminal securities fraud trial due to undelivered Federal Reserve Board documents, saying the court and parties can work around delayed receipt.

  8. October 05, 2017

    Wilmington Trust Seeks Doc Delivery Or Trial Delay

    Wilmington Trust Corp. on Thursday asked a federal judge to compel Federal Reserve Board compliance with a document and records subpoena by Friday or delay a securities fraud case now slated to begin on Oct. 10, saying the Fed had failed to justify delays.

  9. September 28, 2017

    Wilmington Trust Bid For Fed Docs Cleared On Eve Of Trial

    A U.S. District Court judge in Delaware allowed Wilmington Trust Corp. to move ahead Thursday with limited subpoenas for some federal records of past bank disclosures on overdue and troubled loans, at the close of preparations for a two-month criminal trial.

  10. September 18, 2017

    Wilmington Trust Seeks Fed Reserve Docs Before Fraud Trial

    Wilmington Trust Corp. has told a Delaware federal court that the Federal Reserve is in possession of documents that could help the bank defend against charges it hid hundreds of millions of dollars' worth of overdue loans from investors and regulators.

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