Legal Opinion
RBC Capital Markets, LLC v. Education Loan Trust IV
Supreme Court of Delaware
Decided March 5, 2014No. 343, 2013PublishedCited by 33 opinions
1Opinion of the Court
JACOBS, Justice:
I. INTRODUCTION
The plaintiff-below/appellant RBC Capital Markets, LLC (“RBC”) appeals from a Superior Court judgment dismissing its claims against the defendants-below/appel-lees U.S. Education Loan Trust IV, LLC (the “Issuer”) and Education Loan Trust IV (the “Trust”), (collectively, the “Defendants”). RBC sued the Defendants in the Court of Chancery in 2011. RBC’s complaint alleged that the Defendants had been paying excessive fees from the Trust. The court dismissed the Chancery action as barred by the Trust Indenture’s “no-action” clause.
Thereafter, in 2012, RBC commenced…
2Cases cited22 opinions
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- Malpiede v. TownsonSupreme Court of Delaware · 2001
- Cruden v. Bank of New YorkCourt of Appeals for the Second Circuit · 1992
- Appriva Shareholder Litigation Co. v. Ev3, Inc.Supreme Court of Delaware · 2007
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3Cited by33 opinions
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- Greenfield v. DFS Director MilesSupreme Court of Delaware · 2019
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