- Plaintiff
- RBC Capital Markets, LLC
- Represented By:
- Stone, Alan (Milbank, Tweed, Hadley & McCloy LLP)
- Defense
- Education Loan Trust IV
he plaintiff-below/appellant RBC Capital Markets, LLC (RBC) appeals from a Superior Court judgment dismissing its claims against the defendantsbelow/appellees 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. RBCs complaint alleged that the
Defendants had been paying excessive fees from the Trust. The court dismissed the Chancery action as barred by the Trust Indentures no-action clause.