United States: Delaware’s Unclaimed Property Audit Program Dealt Blow
The judge in a case challenging Delaware’s use of sampling and extrapolation to determine unclaimed property liabilitydenied the state’s motion to dismiss and in doing so, seriously questioned the State’s approach. Temple-Inland v. Cook, U.S. Dist. Ct. (DE), Civ. No. 14-654-SLR (3/11/2015). Temple-Inland brought a suit against the State following an unclaimed property audit of its accounts payable balances and before the audit of other property types was completed. Delaware found Temple-Inland liable for […]