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Representing the State of Delaware in a case challenging the market value of unclaimed stock held by two Belgian companies escheated to Delaware that addresses issues that include the state’s dormancy standards for unclaimed property and determination of the property’s value.
Loeb 2) federal preemption; 3) tort and 4) constitutional claims. Delaware has received a favorable decision from the Delaware Tax Appeal Board and the action before the Delaware Court of Chancery is in its early stages.
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