News & Insights

On April 20, North Dakota became the most recent state to enact a version of the Revised Uniform Unclaimed Property Act (2016).  The new law, which takes effect on July 1 does not overhaul the state's general three year dormancy period, but does provide useful clarity on the reporting or remittance

In a recent decision, The Third Circuit Court of Appeals held that despite NextEra Energy Inc.’s (“NextEra”) contractual undertaking to bear its own costs in connection with a merger, it had made a plausible claim for allowance of an administrative expense claim for these costs.[1]  This followed an

In most companies and financial institutions, unclaimed property compliance is treated as an ancillary operational responsibility unrelated to the “business” of the firm.  After all, as with many regulatory obligations, unclaimed property compliance is not a profit-generating activity.  That said, t