Court Approves Historic Wilmington Trust Settlement

On November 19, 2018, the Court approved the $210 million settlement in In re Wilmington Trust Securities Litigation. The settlement – which is the culmination of eight years of hard-fought litigation – represents a recovery of nearly 40% of maximum recoverable damages, an amount that towers over the median 5% recovery. The settlement also ranks among the top-10 securities fraud settlements in the Third Circuit, and among the top 5% of securities fraud settlements since the PSRLA was enacted in 1995. In approving the settlement, the Court praised the “legal prowess” exhibited by Saxena White’s “highly experienced attorneys.”