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.

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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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