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Qui Tam Unclaimed Property

Eversheds Sutherland (US) LLP

California Attorney General alleges corporate fraud in unclaimed property lawsuit

“Corporate evasion is corporate fraud,” the California Attorney General declares in a March 22, 2022 press release accompanying an unclaimed property complaint the State has filed alleging systemic failure to report and remit...more

Alston & Bird

A Qui Tam Win for Holders, New Federal Common-Law Ruling, JPMorgan Appeals, and a Possible California Amnesty Program

Alston & Bird on

Our Unclaimed Property Team highlights several recent rulings – both federal and state from across the country – and a new California law that could have broad implications for holders....more

Alston & Bird

False Claims Act Is Again in Focus, This Time in New York

Alston & Bird on

Our Unclaimed Property Team uncovers the broader implications of a New York court’s False Claims Act ruling that could create a new risk for holders that report past-due property....more

Eversheds Sutherland (US) LLP

Delaware jury finds retailer liable for gift card breakage in qui tam escheat litigation

After four-plus years of litigation in a long-running dispute over unredeemed gift cards, a jury returned a verdict against Overstock.com, finding that the company violated the Delaware False Claims Act (FCA) by not reporting...more

Mintz

The Case That Could Significantly Disrupt How Companies Manage Their Gift Card Programs and Could Create Billions of Dollars in...

Mintz on

Every company with a gift card program should be aware of the recently unsealed qui tam case in Delaware titled State of Delaware ex rel. French v. Card Compliant, LLC, et al., N13C-06-289 (Superior Court of Delaware, New...more

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