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Delaware Sued Again Over Audit Tactics


Filed on May 21, 2014 in Federal District Court (Delaware), Temple-Inland, Inc. v. Thomas Cook, Kelmar, et al.). As with previous litigation in Delaware over its escheat enforcement methods, this case includes specific attacks on both Kelmar’s estimation/extrapolation techniques and Delaware’s entitlement to claim all estimated/extrapolated liability. Obviously, a favorable outcome in this case could have a positive effect on the potential liability of any company currently under audit. There have been four previous Delaware unclaimed property cases over the last six years and none have reached the point of a decision on the merits (all were settled). However, JMS will continue to monitor case and provide updates to our readers.

Contact us and we’ll be happy to send you a copy of the complaint.

Tagged: delaware audit, delaware escheat, kelmar, delaware unclaimed property, delaware lawsuit