NEW ORLEANS, Jan. 11, 2011 (GLOBE NEWSWIRE) -- 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 (firstname.lastname@example.org), 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. (email@example.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:
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 SettlementIn 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 firstname.lastname@example.org 206 Covington St. Madisonville, LA 70447