01/13/2021
In an extraordinary, precedential opinion, the Third Circuit has overturned the convictions of four former Wilmington Trust Bank executives charged in connection with the federal bank bailout program following the 2008 global financial crisis. Henry Klingeman represented the bank’s controller at trial and on appeal.
A federal appeals court on Tuesday overturned the convictions of four former Wilmington Trust Co executives charged with concealing from regulators the amount of troubled loans on the company's books following the 2008 global financial crisis.