Judge Spurns State's Late Bid For Unclaimed $4.6M

Law360, New York (January 29, 2008, 12:00 AM EST) -- A judge has refused a bid by the state of Texas to recoup more than $4.6 million of unclaimed settlement money from the settlement of a class action against oil companies that conspired to underpay leaseholders' royalties, telling the state it had waited too long to act.

U.S. District Judge Janis Jack of the U.S. District Court for the Southern District of Texas denied the state's motion, which sought all unclaimed funds when the class members' last known address was in Texas. The total amount, as...
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