The long-awaited Wilmington Trust criminal trial is finally underway in a Delaware federal court, as federal prosecutors last week made their case that four of the bank’s former top executives orchestrated a scheme to hide hundreds of millions of dollars in bad loans from regulators and investors.

Meanwhile, a group of Delaware’s most high-profile defense lawyers maintain that prosecutors are unable to prove a central charge underlying the case: that former president Robert V.A. Harra, CFO David Gibson, chief credit officer William North and Kevyn N. Rakowski, the bank’s controller, engaged in a conspiracy to defraud the United States and make false statements to regulators.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]