Saxena White P.A. and Bernstein Litowitz Berger & Grossmann LLP Announce the Pendency of a Class Action Involving All Persons or Entities who Purchased or Otherwise Acquired Wilmington Trust Corporation Common Stock

08 Mar, 2016, 07:59 ET from Saxena White P.A. and Bernstein Litowitz Berger & Grossmann LLP

WILMINGTON, Del., March 8, 2016 /PRNewswire/ --

UNITED STATES DISTRICT COURT
DISTRICT OF DELAWARE

 

 

IN RE WILMINGTON TRUST
SECURITIES LITIGATION

______________________________________

 

 

 This document relates to: ALL ACTIONS

 

       Master File No. 10-cv-00990-SLR-SRF

 

       (Securities Class Action)

 

       Hon. Sue L. Robinson

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION

To:      All persons or entities who (1) purchased or otherwise acquired Wilmington Trust Corporation ("Wilmington Trust") common stock during the period January 18, 2008 up to November 1, 2010, and were damaged thereby; and/or (2) purchased shares of Wilmington Trust common stock issued in the secondary common stock offering that occurred on or about February 23, 2010, pursuant to the Registration Statement, as amended, and were damaged thereby (the "Class").

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the District of Delaware, that the lawsuit that is now pending in that court under the caption In re Wilmington Trust Securities Litigation, Case No. 10-cv-00990-SLR-SRF (D. Del.) (the "Action") has been certified as a class action on behalf of the Class, except for certain persons and entities that are excluded from the Class by definition as set forth in the full printed Notice of Pendency of Class Action ("Notice").

IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THIS ACTION.  The full printed Notice is currently being mailed to known Class Members.  If you have not yet received the Notice, you may obtain a copy of the Notice by contacting the Notice Administrator at:

Wilmington Trust Securities Litigation
c/o Epiq Class Action & Claims Solutions, Inc.
P.O. Box 2838
Portland, OR 97208-2838
1-866-800-6639
www.WilmingtonTrustSecuritiesLitigation.com

Inquiries, other than requests for the Notice, may be made to Class Counsel:

 

Joseph E. White, III

SAXENA WHITE P.A.

5200 Town Center Cir., Ste. 601

Boca Raton, FL 33486

(561) 394-3399

Hannah Ross
BERNSTEIN LITOWITZ
BERGER & GROSSMANN LLP 
1251 Avenue of the Americas
New York, NY 10020
(212) 554-1400

 

If you are a Class Member, you have the right to decide whether to remain a member of the Class.  If you choose to remain a member of the Class, you do not need to do anything at this time other than to retain your documentation reflecting your transactions and holdings in Wilmington Trust common stock.  You will automatically be included in the Class.  If you are a Class Member and do not exclude yourself from the Class, you will be bound by the proceedings in this Action, including all past, present and future orders and judgments of the Court, whether favorable or unfavorable.

If you ask to be excluded from the Class, you will not be bound by any order or judgment of this Court, and you will not be eligible to receive a share of any money which might be recovered for the benefit of the Class.  To exclude yourself from the Class, you must submit a written request for exclusion postmarked no later than June 13, 2016 in accordance with the instructions set forth in the full printed Notice.  Please note, if you decide to exclude yourself from the Class, you may be time-barred from asserting the claims covered by the Action by a statute of repose.  Pursuant to Rule 23(e)(4) of the Federal Rules of Civil Procedure, it is within the Court's discretion as to whether a second opportunity to request exclusion from the Class will be allowed if there is a settlement or judgment in the Action.  

Further information may be obtained by directing your inquiry in writing to the Notice Administrator.

          BY ORDER OF THE COURT:
          United States District Court
          For the District of Delaware

 

SOURCE Saxena White P.A. and Bernstein Litowitz Berger & Grossmann LLP



RELATED LINKS

http://www.WilmingtonTrustSecuritiesLitigation.com