Welcome to the Brundle v. Wilmington Trust Website
Tim P. Brundle, on behalf of the Constellis Employee Stock Ownership Plan v. Wilmington Trust N.A.
In the United States District Court for the Eastern District of Virginia
Civil Action No. 1:15-cv-1494 (LMB/IDD)
Your rights may be affected by the legal proceedings in this action if you were:
A participant in the Constellis Employee Stock Ownership Plan ("ESOP") from January 1, 2013 through July 25, 2014.
A lawsuit was filed against Wilmington Trust, N.A. (“Wilmington Trust”), by Tim P. Brundle. Brundle claimed that Wilmington Trust, the trustee for the ESOP, violated the Employee Retirement Income Security Act (ERISA) by causing the ESOP to pay too much for Constellis Group, Inc. stock when the ESOP was formed. After a six-day trial in November–December 2016, the judge to whom the case was assigned found that Wilmington Trust was liable to the ESOP for $29,773,250.00. As an ESOP participant from January 1, 2013 through July 25, 2014, you have an opportunity to object to the $9,924,416.67 in fees requested by Brundle’s attorneys, $8,104,785.56 of which will be paid in part out of the money recovered for the ESOP. For more information about the lawsuit, please refer to the Notice and other Court documents on the Case Documents tab.