Del. Court Wants More Talks On $15B Student Loan Trusts
Law360, Wilmington (October 30, 2017, 9:31 PM EDT) -- A Delaware vice chancellor urged opponents Monday in a management and control dispute over a $15 billion collection of securitized student loan trusts to quickly find a compromise, after rejecting without prejudice use of a temporary special master to serve as owner trustee.
Vice Chancellor Joseph R. Slights III said attorneys for National Collegiate Student Loan Master Trust failed to take other interests into account when proposing a "stipulation" that would have allowed Wilmington Trust Corp. to step aside as owner trustee pending selection of a permanent replacement.
The proposal quickly led to a rush of objections or motions to...
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