Jonathan Massey and Bret Vallacher Defeat Motion to Dismiss in Challenge to Delaware’s Unclaimed Property System
Massey & Gail partners Jonathan Massey and Bret Vallacher, with support from the firm’s litigation team, recently defeated Delaware’s motion to dismiss in a federal constitutional challenge to the State’s unclaimed property scheme. By overcoming sovereign immunity defenses, the decision allows claims seeking recovery of millions in securities to proceed and puts Delaware’s escheat practices squarely at issue. Read more here.