Delaware and 30 Other States Announce Settlement to End Interstate Unclaimed Property Litigation

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Delaware and a coalition of 30 states have reached a settlement concluding the damages phase of a long-running unclaimed property dispute involving MoneyGram Payment Systems, Inc. The U.S. Supreme Court had previously ruled that unclaimed official checks issued by MoneyGram are subject to the Federal Disposition Act. As part of the settlement, Delaware will transfer…

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