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Auditors Unclaimed Property

Kilpatrick

5 Key Takeaways | 2024 Emerging Trends: Delaware Unclaimed Property VDA and Multistate Audits

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Kilpatrick’s David Hughes and Jordan Goodman recently joined BDO for a discussion of trends around state unclaimed property enforcement measures, including audits, voluntary disclosure agreements, and other outreach...more

Alston & Bird

The SCO Whiffs on Its First Attempt to Formally Adopt Third-Party Unclaimed Property Auditor Regulations

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Regulations purporting to authorize unclaimed property examinations performed by third-party auditors put on ice. Our Unclaimed Property Team examines an Office of Administrative Law (OAL) ruling that shuts down regulations...more

Alston & Bird

UP Front: A 2021 Sightline for Unclaimed Property Professionals

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Our Unclaimed Property Team provides a line of sight into the developing trends, ongoing policy debates, and litigated disputes that may shape the future of unclaimed property law and compliance....more

McDermott Will & Emery

Victory? Delaware Suggests an End to Contingency Compensation for Unclaimed Property Contract Auditors

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For years, Delaware has used contract audit firms to enforce their unclaimed property laws and paid them based, at least partially, on the amount recovered. Motivated by this financial reward and empowered as an agent of the...more

McDermott Will & Emery

Litigation Alert | Third Circuit Reaffirms Scope of Federal Priority Rules

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On December 4, 2017, the US Court of Appeals for the Third Circuit issued its much-anticipated precedential opinion in Marathon Petroleum Corp. et al., v. Secretary of Finance et al., No. 16-4011. The opinion affirms the...more

Eversheds Sutherland (US) LLP

Contingency-Fee Unclaimed Property Auditor Arrangement Subject to Due Process Review

A facial challenge to Delaware’s use of contingency-fee unclaimed property auditors has been given new life by a federal appellate court, which held that the arrangement is subject to due process review, reversing the lower...more

McNees Wallace & Nurick LLC

Federal Court Retains Jurisdiction in Case Involving Delaware’s Unclaimed Property Estimation Methodology

Delaware has developed a reputation for being very aggressive in its unclaimed property auditing procedures through the use of third-party contract auditors. Several appeals filed in federal court challenging Delaware’s...more

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