Keane's Unclaimed Property Blog

Unclaimed Property Audit (51 articles)

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 […]

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Increase in Massachusetts Audits

Increase in Massachusetts Audits

Compliance, Escheat Audits, Unclaimed Property Audit

Recently, Keane noticed an uptick in unclaimed property audits initiated by the state of Massachusetts.  We wanted to bring this to the attention of holders incorporated in Massachusetts, as well as those with a physical presence in the state, so that proactive measures can be considered.  Proactive measures would include conducting an internal risk assessment […]

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New Lawsuit Brings Delaware’s Audit Enforcement Measures to the Forefront: The Next Temple-Inland?

New Lawsuit Brings Delaware’s Audit Enforcement Measures to the Forefront: The Next Temple-Inland?

Compliance, Litigation, Unclaimed Property Audit

Univar alleges that the unclaimed property audit spearheaded by Kelmar violates a number of its constitutional rights, including substantive and procedural due process rights, the right to equal protection and the right to be free from unreasonable searches and seizures, and that it constitutes a taking of private property without just compensation.

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