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USA v. Wilmington Trust Corporation et al

  1. September 07, 2017

    Feds Call Wilmington Trust Employees 'Hostile Witnesses'

    Prosecutors asked a Delaware federal judge on Wednesday to label nine former and current employees at Wilmington Trust Corp. "hostile witnesses" ahead of a securities fraud trial, a designation that would change the ground rules when they testify.

  2. August 23, 2017

    Wilmington Trust Says Fraud Indictment May Be Tainted

    Wilmington Trust Corp. and four former executives accused of hiding hundreds of millions of dollars' worth of overdue loans from investors and authorities said Tuesday that the indictment may be based on false grand jury testimony and may need to be dismissed.

  3. November 10, 2016

    Wilmington Trust Calls Fraud Charges Unconstitutional

    Wilmington Trust Corp. on Wednesday urged a Delaware federal judge to toss a large chunk of the criminal suit against it and four former executives over allegations that they hid hundreds of millions of dollars' worth of overdue loans from investors and authorities, saying that the charges are unconstitutionally vague.

  4. 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.

  5. August 03, 2016

    Feds File 3rd Indictment Against Wilmington Trust, Ex-Execs

    The federal government on Wednesday filed its third superseding indictment against Wilmington Trust Corp. and four of its former executives over claims they hid hundreds of millions of dollars' worth of overdue loans from investors and authorities.

  6. July 07, 2016

    Fraud Case Against Wilmington Trust Remains Largely Intact

    Motions to dismiss fraud charges against Wilmington Trust Corp. and four of its former executives were largely defeated Thursday when a Delaware federal judge said the federal government adequately pled its allegations in a second superseding indictment filed in January.

  7. February 05, 2016

    Wilmington Trust Risks $1B Liability If It Loses Fraud Case

    Wilmington Trust Corp. pled not guilty to federal criminal fraud charges Friday, but could be hit with more than $1 billion in liabilities, the bill for which corporate parent M&T Bank would have to foot, if it loses at trial, a U.S. prosecutor said in court.

  8. January 07, 2016

    Wilmington Trust Indicted For Allegedly Concealing Bad Loans

    Wilmington Trust Corp. was indicted on Thursday on federal charges that it hid hundreds of millions of dollars' worth of overdue loans from investors and authorities, joining four of its former executives who are already facing criminal charges.

  9. August 20, 2015

    Ex-Wilmington Trust Exec Pleads Not Guilty In Fraud Case

    Former Wilmington Trust Co. President Robert V. Harra pleaded not guilty Thursday to securities fraud and related charges that he conspired to keep overdue loans off the bank's books in a scheme prosecutors say cost investors millions when the bank was sold at a steep discount.

  10. August 13, 2015

    Ex-Wilmington Trust CFO Pleads Not Guilty To Fraud Charges

    Former Wilmington Trust Co. Chief Financial Officer David Gibson pled not guilty Thursday in Delaware federal court to charges he conspired with other bank executives to hide the number of outstanding loans on the bank's books in the wake of the 2008 financial crisis.

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