Four former Wilmington Trust executives, all facing multiyear sentences stemming from the bank’s 2011 collapse, will remain out of prison while they appeal their criminal convictions, a Delaware federal judge has ruled.

U.S. District Judge Richard G. Andrews of the District of Delaware on Wednesday granted bail pending appeal to the executives, who were convicted last year on charges related to a massive reporting scandal that hid hundreds of millions of dollars in bad loans from investors and federal 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This content has been archived.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]