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. Michael P. Kelly of Continue Reading
Fraud Trial of Former Wilmington Trust Executives Begins
Four former executives of Wilmington Trust Corporation went on trial Monday on federal fraud and conspiracy charges, with prosecutors telling jurors the defendants hid hundreds of millions of dollars in bad loans as the bank's commercial real estate loan portfolio cratered after the 2008 financial Continue Reading
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 Continue Reading
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. Continue Reading
Major Selected to Law360’s 2018 Aerospace & Defense Editorial Advisory Board
Robert Mintz quoted in “Why Doesn’t Paul Manafort Cut a Deal?” which appeared in Law360
McCarter Names New Co-Chairs in Real Estate Group
McCarter & English LLP has announced new co-chairs of its real estate practice group, including a longtime partner in its headquarters office in Newark. The partner, Simone Wilson-Brito, will co-lead the firm’s real estate practice alongside Cynthia Keliher, who is based in its Boston Continue Reading
Take 2: Wilmington Trust Execs Again Days Away from Criminal Trial
For the second time in five months, former Wilmington Trust executives are days away from the start of a criminal trial that will determine whether they spend time behind bars. Harra's attorney Michael Kelly claimed the bank was "let go" without even a misdemeanor –– despite numerous felonies Continue Reading
Schools That Can Newark Connects Students with Employers throughout the City
For the last two years, University High School senior Nasia Spencer has been attending a program designed to prepare the city's youth for college and career. She's learned how to write a resume and cover letter and had an opportunity to hone her interview skills with three different companies. "I Continue Reading
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 Continue Reading