In the News October 17, 2015

Ethan Millar Quoted by Associated Press on Unclaimed Property

State governments are increasingly aggressive in taking control of Americans’ lost cash — in bank accounts, uncashed paychecks or gift cards — also known as unclaimed property or escheat.

In particular, two medical researchers recently sued Delaware officials for taking control of their stock in a pharmaceutical company, deemed abandoned, and sold it for $1.7 million.

“All of this could’ve been easily avoided if someone just sent a letter,” said Ethan Millar, partner in Alston & Bird’s Unclaimed Property Group and counsel to the researchers.
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