SOURCE: Sohmer & Stark, LLC

November 15, 2010 14:09 ET

Law Offices of Sohmer & Stark, LLC Announces Class Action Lawsuits Involving the Acquisition of Wilmington Trust Corporation

PHILADELPHIA, PA--(Marketwire - November 15, 2010) -  Several class action lawsuits have been filed in Delaware Chancery Court on behalf of the shareholders of Wilmington Trust Corp. (NYSE: WL). 

The actions allege that Wilmington Trust and its board of directors violated applicable law by agreeing to sell Wilmington Trust to M&T Bank Corporation for $351 million. The complaints allege that the defendants engaged in a flawed process designed to ensure that the sale of Wilmington Trust to M&T were on terms preferential to M&T. The complaints further allege that the company's shareholders will not likely receive adequate or fair value for their Wilmington Trust stock. 

No class has yet been certified in the action. Until a class is certified, you are not represented by counsel unless you retain one. Sohmer & Stark, LLC has not filed a lawsuit against the defendants. 

If you are a Wilmington Trust shareholder and want to discuss your legal rights, at no cost and without obligation, please contact Amir M. Stark, Esquire at Sohmer & Stark, LLC (Toll Free: 888-811-7179; e-mail: astark@sohmerstark.com).

Sohmer & Stark, LLC has extensive experience litigating shareholder actions across the United States and has recovered millions of dollars on behalf of injured shareholders. 

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Contact Information

  • Contact:

    Sohmer & Stark, LLC
    95 James Way, Suite 120
    Southampton, PA 18966
    Toll Free: (888) 811-7179
    Fax: (610) 994-1994