Morris Nichols’ Unclaimed Property Counseling Group has advised numerous holders, including Fortune 500 companies, on the various issues arising from compliance with state unclaimed property laws, with a particular focus on defending audits conducted by Delaware and its contract auditors as well as completing voluntary compliance agreements on a multistate basis. Attorneys from the Group have played an integral role in drafting recent amendments to Delaware's unclaimed property statutes and helped draft the Delaware Division of Revenue regulations regarding unclaimed property and audit procedures and voluntary disclosure procedures for holders. The Group offers expertise for holders seeking to appeal audit findings under Delaware's new administrative review process, which was established by legislation that Morris Nichols attorneys also helped draft.
Morris Nichols' Delaware Unclaimed Property Law Companion 2013-2014
The Unclaimed Property Counseling Group is pleased to announce the publication of Morris Nichols’ Delaware Unclaimed Property Law Companion 2013-2014. The Companion is a practical, convenient resource for our clients and friends to use in connection with their Delaware unclaimed property matters. It contains a collection of materials useful to those engaged in a Delaware unclaimed property audit or voluntary disclosure, as well as to those who may want to know more about Delaware’s unclaimed property laws, regulations, and procedures. We hope that you will find it valuable.
To download the complete Companion or individual sections, click on the PDF icon to the left of the respective listing below.
Otherwise, click here to request a bound hardcopy of the Companion.
Individual Companion sections:
Engaged by numerous Fortune 500 companies, including manufacturing, insurance, healthcare, oil and gas, and retail companies, under audit by contract auditors on behalf of Delaware and other states.
Negotiated a comprehensive audit settlement for a Fortune 500 pharmaceutical company.
Helped resolve a "broken" voluntary disclosure process, resulting in a comprehensive settlement and avoiding a conventional examination by a contract auditor, for a Fortune 1000 manufacturer.
- Mike Houghton Quoted in The New York Times
The New York Times reported on unclaimed property funds in the United States. Morris Nichols partner Michael Houghton provided background on the unclaimed property laws and practice.
- Michael Houghton Quoted in The News Journal
Michael Houghton commented on the recent Delaware Department of Justice's whistleblower lawsuit in Superior Court.
- Michael Houghton Speaks at ABA Annual Meeting – Spotlight on Human Trafficking: New Law and Next Steps
Michael Houghton was a featured panelist for Spotlight on Human Trafficking: New Law and Next Steps at the 2013 ABA Annual Meeting.
- Morris Nichols Receives President’s Award at 2011 UPPO Annual Conference
Morris Nichols’ Delaware Unclaimed Property Group received the Unclaimed Property Professionals Organization’s (UPPO) President’s Award for its work and contribution to the amicus brief filed by UPPO with the Third Circuit in NJ Retail Merchants v. Andrew Sidamon-Eristoff, et al.