Keane's Unclaimed Property Blog

Unclaimed Property Audit (54 articles)

Mergers and Acquisitions: Exposing the Unexposed Risk

Mergers and Acquisitions: Exposing the Unexposed Risk

Oil & Gas, Unclaimed Property Audit, Unclaimed Property Law

By: Gary Joseph and Cornel Lupu The inherent unclaimed property exposure risk associated with mergers and acquisitions (“M&A”) is nothing to ignore. Many companies have found themselves the unfortunate inheritors of past due unclaimed property obligations that were not accounted for throughout purchase negotiations. The main M&A transactions are stock or asset acquisition. The acquired […]

Read More ›


Multi-State VDA’s – The Proactive Solution

Multi-State VDA’s – The Proactive Solution

Best Practices, Compliance, Litigation, Unclaimed Property, Unclaimed Property Audit, Unclaimed Property Reporting

According to state estimates, only 10-12% of companies nationwide are in compliance with state unclaimed property provisions. In an effort to increase voluntary compliance rates, states are increasingly reaching out to companies that they believe may have potential unclaimed property exposure to seek an understanding of their potential exposures and invite them to come into […]

Read More ›


Check Your Mail: NC Sending Letters

Check Your Mail: NC Sending Letters

Escheat Audits, Unclaimed Property Audit

Notice: The North Carolina Department of State Treasurer is sending letters to companies (“holders”) to determine compliance with their Unclaimed Property statutory reporting requirements. It is important to note that response to these letters is required within 30 days. The form attached to these letters request company, unclaimed property reporting, accounting, payroll, outstanding checks, vendor […]

Read More ›


Delaware Faces New Lawsuit Related to Unclaimed Property Audits

Delaware Faces New Lawsuit Related to Unclaimed Property Audits

Escheat Audits, Litigation, Unclaimed Property Audit

On December 9, 2019, AT&T filed a lawsuit against the state in Delaware federal court, AT&T v. Geisenberger[1], alleging that certain document requests issued by Kelmar, acting as the state’s third party contingent fee auditor, made in connection with an unclaimed property audit that began in 2012, violate the company’s Fourth, Fifth and Fourteenth Amendment […]

Read More ›


I'm looking for information on...