7 Days Left -- Kahn Swick & Foti, LLC and Former Louisiana State Attorney General Remind Investors With Large Financial Interest
January 11 2011 - 1:01AM
Kahn Swick & Foti, LLC ("KSF") and its partner, the former
Louisiana Attorney General Charles C. Foti, Jr. remind investors
that only seven days remain to file lead plaintiff applications in
the firm's securities fraud class action lawsuit against Wilmington
Trust Corporation ("Wilmington Trust" or the "Company") (NYSE:WL).
The lawsuit was filed in the United States District Court for the
District of Delaware on behalf of purchasers of the common stock of
the Company between October 23, 2009 and November 1, 2010,
inclusive (the "Class Period"). No class has yet been certified in
this action.
What You May Do
If you are a Wilmington Trust shareholder and would like to
discuss your legal rights and how this case might affect you and
your right to recover for your economic loss, you may, without
obligation or cost to you, e-mail or call KSF Managing Partner,
Lewis Kahn (lewis.kahn@ksfcounsel.com), toll free 1-877-515-1850,
or via cell phone any time at 504-301-7900, or KSF Director of
Client Relations, Neil Rothstein, Esq.
(neil.rothstein@ksfcounsel.com), toll free at 877-694-9510, or via
cell phone any time at 330-860-4092. If you wish to serve as a lead
plaintiff in this class action by overseeing lead counsel with the
goal of obtaining a fair and just resolution, you must act urgently
and contact the firm now so you have time to request this position
by application to the Court by January 18, 2011. Any member of the
putative class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member. KSF encourages both institutional
and individual purchasers of Wilmington Trust to contact the firm.
The ultimate resolution of any securities class action is
strengthened through the involvement of aggrieved shareholders and
lead plaintiffs who have large financial interests. KSF
also encourages anyone with information regarding Wilmington
Trust's conduct during the period in question to contact the firm,
including whistleblowers, former employees, shareholders and
others.
About the Lawsuit
Wilmington Trust and certain of its Officers are charged with
making a series of materially false and misleading statements
related to the Company's business and operations in violation of
the Securities Exchange Act of 1934.
For more information about this case, please visit:
http://www.ksfcounsel.com/lawsuit/wilmington-trust-wl-lawyer-C124
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities
class action and shareholder derivative litigation with offices in
New York and Louisiana. KSF's lawyers have significant experience
litigating complex securities class actions nationwide on behalf of
both institutional and individual shareholders. Recent cases
include In re Virgin Mobile USA IPO
Litigation, 2:07-cv-05619-SDW-MCA (D. N.J.), Co-Lead Counsel,
$19.5 Million Settlement; In re BigBand Networks,
Inc Securities Litigation, 3:07-CV-05101-SBA
(C.D. Cal.), Co-Lead Counsel, $11 million
settlement; In re U.S. Auto Parts Networks, Inc. Securities
Litigation, 2:07-cv-02030-GW-JC (C.D. Cal.),
Lead Counsel, $10 million settlement. KSF is also federally
court-appointed Co-Lead Counsel in THE shareholder derivative cases
against AIG and Bank of America (Merrill Lynch merger) emanating
from their recent multi-billion dollar economic declines.
To learn more about KSF, you may
visit www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 877-515-1850
or after hours via cell phone 504-301-7900
lewis.kahn@ksfcounsel.com
206 Covington St.
Madisonville, LA 70447
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