Mark V. Purpura

Director

302.651.7588
302.498.7588 (fax)
purpura@rlf.com
Mark Purpura focuses on complex transactional matters as well as banking and corporate and personal trust matters. Mark has extensive experience counseling clients on a broad range of legal issues for Delaware limited liability companies, limited partnerships, general partnerships, and statutory and common law trusts. He advises directors, managers, members, partners and trustees on their fiduciary duties, and regularly renders legal opinions on matters of Delaware law in connection with transactions. Mark also represents Delaware banks, trust companies and other financial institutions in transactional matters, development of consumer finance programs, trust matters and regulatory matters, including representation before Delaware state and federal regulatory authorities.
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Select Experience

  • Delaware counsel to The Carlyle Group, L.P. in connection with its initial public offering
  • Delaware counsel to The Blackstone Group L.P. in connection with its initial public offering
  • Counsel to BMO Harris Bank in connection with the formation of a Delaware limited purpose trust company
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Mark Purpura enjoys a diverse commercial practice, focusing on complex transactions involving Delaware entities, as well as banking, trust and insurance matters. A director in the firm's Business Department, Mark has extensive experience counseling clients in transactional matters relating to Delaware limited liability companies, limited partnerships, general partnerships and statutory trusts. He works on a broad range of transactions, including mergers and acquisitions, initial public offerings, entity formation (including private equity firm and investment fund formation), entity governance matters, dissolution matters, joint ventures and many different types of complex financing transactions. In connection with transactions or in operational matters, Mark advises directors and managers of limited liability companies and partners of partnerships on their fiduciary duties with respect to such entities. Mark also regularly renders legal opinions on matters of Delaware law in connection with transactions.

Mark also represents Delaware banks, trust companies, insurance companies and other nondepository financial institutions in transactional matters, including formation, governance, dissolution, mergers and acquisitions, other commercial transactions, the development of lending and other consumer finance programs, personal and corporate trust matters, and federal and state regulatory matters, including representation before Delaware state and federal regulatory authorities.

Active in both the state and national bar, Mark was recently honored by the Delaware State Bar Association’s LGBT Section for his exceptional commitment to improving the legal services afforded to members of Delaware’s LGBT community and to the advancement of the legal interests of LGBT Delawareans.

Experience

  • Delaware counsel to The Carlyle Group, L.P. in connection with its initial public offering
  • Delaware counsel to The Blackstone Group L.P. in connection with its initial public offering
  • Counsel to BMO Harris Bank in connection with the formation of a Delaware limited purpose trust company

Publications

  • "Avoid Creating Fiduciary Duties When Eliminating Liability," Delaware Business Court Insider, July 25, 2012   View >
  • "Eliminating Fiduciary Duties and the Status of the Implied Contractual Covenant of Good Faith and Fair Dealing," Delaware Business Court Insider, February 22, 2012   View >
  • "A Step Toward Equality in Estate Planning," Delaware Banker, Summer 2011   View >
  • "Think Carefully Before Amending LLC and Partnership Agreements: Understanding NextMedia," Delaware Business Court Insider, July 27, 2011   View >
  • "Proposed Financial Institution Regulatory Reforms," Delaware Banker, Summer, 2009   View >

Presentations

  • "2015 Delaware Trust Conference," October 26, 2015
  • "Attorneys as Advocates: How Attorneys Can Assist in Legislative Campaigns on LGBT Issues," August 21, 2014
  • "Labor and Employment Law Update 2014," April 3, 2014
  • "2013 Delaware Trust Conference," October 1, 2013
  • "2012 Delaware Trust Conference," October 2, 2012
  • "2011 Delaware Trust Conference," November 29, 2011
  • "Family Law Update 2011," November 18, 2011
  • "Planning Implications of the New Delaware Civil Union Law," November 1, 2011
  • "2010 Delaware Trust Conference," November 30, 2010
  • "American College of Mortgage Attorneys (ACMA) 2010 Annual Meeting," September 23, 2010

Awards

  • Chambers USA, since 2010
  • The Best Lawyers in America, 2017, 2016, 2015, 2014
  • Delaware Today Top Lawyer, Top Vote-Getter, Bank Law, 2016, 2014; Top Vote-Getter, Financial Law, 2016, 2014

  • Super Lawyers, 2014, 2013, 2012 

Leadership

  • American Bar Association, Banking Law Committee
  • CAMP Rehoboth, Board of Directors
  • Delaware Bankers Association, Delaware Trust Conference Planning Committee
  • Delaware State Bar Association, Banking Law Committee, Chair
  • Equality Delaware Foundation, President  
  • Equality Delaware, Inc., Board of Directors

Education

  • J.D., with honors, University of North Carolina School of Law, North Carolina Banking Institute, Journal of International Law and Commercial Regulation, Millard S. Breckenridge Award in Taxation, 1998
  • B.S., Business Administration, Financial Analysis, magna cum laude, University of Southern California, Marshall School of Business, 1995

Admitted to Practice

  • Delaware
  • United States Supreme Court

Pro Bono Activities

  • Delaware National Guard and Reserve Foundation, Inc., Pro Bono Counsel

Experience

  • Delaware counsel to The Carlyle Group, L.P. in connection with its initial public offering
  • Delaware counsel to The Blackstone Group L.P. in connection with its initial public offering
  • Counsel to BMO Harris Bank in connection with the formation of a Delaware limited purpose trust company

Education

  • J.D., with honors, University of North Carolina School of Law, North Carolina Banking Institute, Journal of International Law and Commercial Regulation, Millard S. Breckenridge Award in Taxation, 1998
  • B.S., Business Administration, Financial Analysis, magna cum laude, University of Southern California, Marshall School of Business, 1995

Publications

  • "Avoid Creating Fiduciary Duties When Eliminating Liability," Delaware Business Court Insider, July 25, 2012   View >
  • "Eliminating Fiduciary Duties and the Status of the Implied Contractual Covenant of Good Faith and Fair Dealing," Delaware Business Court Insider, February 22, 2012   View >
  • "A Step Toward Equality in Estate Planning," Delaware Banker, Summer 2011   View >
  • "Think Carefully Before Amending LLC and Partnership Agreements: Understanding NextMedia," Delaware Business Court Insider, July 27, 2011   View >
  • "Proposed Financial Institution Regulatory Reforms," Delaware Banker, Summer, 2009   View >

Presentations

  • "2015 Delaware Trust Conference," October 26, 2015
  • "Attorneys as Advocates: How Attorneys Can Assist in Legislative Campaigns on LGBT Issues," August 21, 2014
  • "Labor and Employment Law Update 2014," April 3, 2014
  • "2013 Delaware Trust Conference," October 1, 2013
  • "2012 Delaware Trust Conference," October 2, 2012
  • "2011 Delaware Trust Conference," November 29, 2011
  • "Family Law Update 2011," November 18, 2011
  • "Planning Implications of the New Delaware Civil Union Law," November 1, 2011
  • "2010 Delaware Trust Conference," November 30, 2010
  • "American College of Mortgage Attorneys (ACMA) 2010 Annual Meeting," September 23, 2010

Awards

  • Chambers USA, since 2010
  • The Best Lawyers in America, 2017, 2016, 2015, 2014
  • Delaware Today Top Lawyer, Top Vote-Getter, Bank Law, 2016, 2014; Top Vote-Getter, Financial Law, 2016, 2014

  • Super Lawyers, 2014, 2013, 2012 

Leadership

  • American Bar Association, Banking Law Committee
  • CAMP Rehoboth, Board of Directors
  • Delaware Bankers Association, Delaware Trust Conference Planning Committee
  • Delaware State Bar Association, Banking Law Committee, Chair
  • Equality Delaware Foundation, President  
  • Equality Delaware, Inc., Board of Directors