Delaware Court of Chancery. Courtesy photo Court Confirms Trust Owners Have Duty to Noteholders in Combined Student Loan Decision
The case consolidated issues raised in three other Court of Chancery cases and one District of Delaware case involving the trusts.
August 28, 2020 at 06:17 PM
3 minute read
The Delaware Court of Chancery ruled for the first time on Thursday that residual trust benefit owners are to run securitized trusts in noteholders' best interests, affecting multiple pending cases involving the same group of trusts.
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