Trust Asks Delaware High Court To Reverse, Remand Rulings In STOLI Dispute

Mealey's (June 29, 2022, 8:35 PM EDT) -- NEW CASTLE, Del. — Wilmington Trust, National Association on June 10 asked the Delaware Supreme Court to reverse a lower court’s dismissal of its promissory estoppel counterclaim in a Stranger Oriented life insurance (STOLI) policy dispute, further asking the state’s highest court to remand for further briefing on whether the insurer must pay “$19 million in death benefits because of promissory estoppel, waiver, equitable estoppel, laches, and/or unclean hands.”...