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PRINCIPAL LIFE INSURANCE COMPANY v. LAWRENCE RUCKER 2007 INSURANCE TRUST

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

735 F.Supp.2d 130 (2010)

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

United States District Court, D. Delaware.

August 30, 2010.

Attorney(s) appearing for the Case

David P. Primack, Esq., Drinker Biddle & Reath LLP, Wilmington, DE, Of Counsel: Jason P. Gosselin, Esq., and Thomas Downie, Esq., Drinker Biddle & Reath LLP, Philadelphia, PA, for Plaintiff Principal Life Insurance Company.

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

MEMORANDUM OPINION

THYNGE, United States Magistrate Judge.

I. INTRODUCTION

On August 8, 2005, plaintiff Principal Life Insurance Company ("Principal") instituted this action seeking a declaratory judgment 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...

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