WL Wilmington Trust Corp. (DE)

Attorney Advertising. Stull, Stull & Brody announced today that it has commenced an investigation relating to the 401(k) defined contribution retirement plan of Wilmington Trust Corporation (NYSE:WL) (“Wilmington Trust” or the “Company”). Among other things, Stull, Stull & Brody is investigating whether fiduciaries of the Wilmington Trust Thrift Savings Plan, a 401(k) plan, may have violated the Employee Retirement Income Security Act of 1974 (“ERISA”) by failing to disclose the Company’s true operating condition to participants and beneficiaries of the plans (including disclosures relating to the Company’s eroding loan quality, the heavy concentration of the Company’s loans in areas experiencing loan troubles, and growing cash shortages), by offering Company stock as an investment option under the plan when it was not prudent to do so, and/or by allowing an imprudent overconcentration of Company stock in the Company’s 401(k) plan.

If you held Wilmington Trust stock in an individual account in the Wilmington Trust Thrift Savings Plan or employee stock purchase plan you may, if you wish, consult with a representative of Stull, Stull & Brody at no cost or obligation. The contact information for Stull, Stull & Brody is as follows:

Email: wl@ssbny.com

Fax: (212) 490-2022 Toll Free Number: 1-800-337-4983 (Michael J. Klein, Esq.)   Mail: Stull, Stull & Brody 6 East 45th Street New York, NY 10017  

Stull, Stull & Brody has extensive experience in protecting the rights of 401(k) plan participants and beneficiaries and shareholders of public companies. Stull, Stull & Brody is presently representing classes of 401(k) plan participants in many class action cases throughout the country. Stull, Stull & Brody maintains offices in New York and Los Angeles.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.