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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.