The 2018 Amendments to the Delaware Statutory Trust Act

The Delaware General Assembly recently enacted amendments to the Delaware Statutory Trust Act (the “DSTA”) which will become effective August 1, 2018. The amendments make a variety of changes relating to the nature and operation of statutory trusts, including (i) confirming the ability to use blockchain technology to store trust information, issue shares, and conduct trust…

Judge Wallace Denies Plaintiff’s Motion to Set Judgment Amounts and Prejudgment Interest

In Viking Pump, Inc. v. Century Indemnity Co., 2018 WL 2331990 (Del. Super. Ct.), Judge Wallace denied the plaintiff’s motion to set judgment amounts and prejudgment interest. This long-running insurance coverage dispute arose from underlying asbestos-related personal injury claims. One of the plaintiffs, Warren Pumps LLC, sought declaratory relief against several excess insurers for defense costs.…

Judge Carpenter Grants Motion for Leave to File Amended Complaint Months Before Trial

In DRIT LP v. Glaxo Group Ltd., C.A. No. N16C-07-218-WCC-CCLD (Del. Super. Ct. Apr. 25, 2018) (ORDER), Judge Carpenter granted the plaintiff’s Motion for Leave to File an Amended Complaint to add an additional count for breach of contract to the litigation. The motion for leave to amend, filed five months before trial, sought to add…

Complex Commercial Litigation Update

In the second quarter of 2018, the Delaware Superior Court’s Complex Commercial Litigation Division saw the appointment of Judge Abigail M. LeGrow to the panel. Judge LeGrow joins judges Mary M. Johnston, Eric M. Davis, and Paul R. Wallace.

Delaware Raises the State Minimum Wage

Recently, Governor John Carney signed Senate Bill No. 170 and House Bill No. 483. SB 170, in conjunction with HB 483, requires Delaware employers to raise the minimum wage over the next two years from $8.25 an hour to $9.25 an hour with the following schedule: $8.75 an hour by January 1, 2019 $9.25 an hour…

Increase in Base Fee for Statutory Trust Filings

At yesterday’s Delaware Division of Corporations User’s Meeting, we were informed that the base fee for all statutory trust filings will increase from $200 to $500 effective August 1, 2018. The certification fee and expedited service fees remain unchanged.…