States Sue Delaware for Keeping Millions in Unclaimed Property

Présentation


Diann Smith said that a US Supreme Court lawsuit by 21 states against Delaware and MoneyGram, seeking refunds of up to $400 million in unclaimed MoneyGram checks, “is set to be an interesting battle between the states » and « highlights the problem with Delaware being the unclaimed property behemoth. » Ms. Smith noted that MoneyGram « is stuck in a real Catch-22 » because it remitted the property to Delaware, yet the states are demanding money from it.