Texas Justices To Eye Fight For Unclaimed Settlement Funds

Law360, New York (August 26, 2013, 3:06 PM EDT) -- Texas' high court agreed Friday to hear whether the state's unclaimed property law entitles it to take unclaimed class action settlement funds that are earmarked for charities, in the case of a homebuilder that settled claims it failed to obtain insurance coverage for subcontractors.

The Texas Supreme Court granted a petition for review filed by Highland Homes Ltd., which says a state appellate court committed a grievous error when it ruled that unclaimed settlement funds in Highland's settlement must be turned over to the state instead...
To view the full article, register now.