Estimation Fight At The AUP Corral

Law360, New York (October 24, 2013, 5:13 PM EDT) -- Commentators frequently liken abandoned and unclaimed property (AUP) audits, and in particular their estimation methods, to the Wild West.[1] They describe an aggressive, lawless environ in which cash-strapped states, desperate for nontax revenue, form posses of third-party auditors with itchy, statistically deficient trigger-fingers, and let them loose in a town ungoverned by precedent or statute.

If AUP estimations are reminiscent of Tombstone, then surely employment and securities litigators, their expert networks, and the case law they have created, are Wyatt Earp. Just as the famed lawman...
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