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PRINCIPAL LIFE INS. CO. v. LAWRENCE RUCKER 2007

C.A. No. 08-488-MPT.

869 F.Supp.2d 556 (2012)

PRINCIPAL LIFE INSURANCE COMPANY, Plaintiff, v. LAWRENCE RUCKER 2007 INSURANCE TRUST, Defendant.

United States District Court, D. Delaware.

June 26, 2012.

Attorney(s) appearing for the Case

Karen V. Sullivan , Drinker Biddle & Reath LLP, Wilmington, DE, of Counsel: Jason P. Gosselin and Thomas J. Downie , Drinker Biddle & Reath, Philadelphia, PA, for Plaintiff, Principal Life Insurance Company.

John E. James , David E. Moore and Michael B. Rush , Potter Anderson & Corroon LLP, Wilmington, DE, of Counsel: John E. Failla , Elise A. Yablonski and Nathan Lander , Proskauer Rose LLP, New York, NY, for Defendant, Lawrence Rucker 2007 Insurance Trust.

MEMORANDUM OPINION

MARY PAT THYNGE, District Judge.

I. INTRODUCTION

On August 8, 2008, plaintiff Principal Life Insurance Company ("Principal") instituted this action seeking declaratory relief and damages against Christiana Bank and Trust Company ("Christiana Bank"), as trustee for the Lawrence Rucker 2007 Insurance Trust ("Insurance Trust").1 On September 17, 2008, the parties entered a stipulation substituting Insurance...

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