This article reprint was published in the April 6, 2021 issue of Law360. One of the most essential elements to help ensure a successful post-settlement outcome is the establishment and administration of an effective, comprehensive settlement trust fund or funds. Based on our experience with administering two environmental mitigation trusts funded with the money from the 2016 Volkswagen AG settlements, we believe there are three core skill areas that are vital to a trustee’s success.
David is responsible for leading the large & complex trusts and business escrow products in Global Capital Markets for Wilmington Trust. He and his team oversee and execute the administration of large and complex transactions and related business escrows primarily for litigation settlements, real estate, and capital raises. David and his team serve the needs of clients on a local, national, and international level.
David joined Wilmington Trust in 1987 and has considerable tenure in the Capital Markets industry, specializing in capital markets transactions in equipment and project finance as well as default administration and restructuring opportunities. He holds an MBA from the University of Delaware and a bachelor’s degree in business administration from Widener University. David is a Certified Corporate Trust Specialist.
David is a board member for Cecil County Parks and Recreation as well as the Fairhill Nature Center. He is also active in his community volunteering with the Elkton Little League and the Tome School.