unclaimed property
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Federal judge partially allows challenge to proceed against Colorado unclaimed property program
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A federal judge allowed some claims to proceed last week against Colorado’s treasurer, based upon alleged constitutional violations flowing from the state’s process for reuniting people with their unclaimed property. Previously, U.S. District Court Judge Charlotte N. Sweeney dismissed the lawsuit by plaintiffs David Knellinger and Robert Storey, reasoning that they failed to sufficiently allege…
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10th Circuit opens door for class-action challenge to Colorado’s unclaimed property program
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The Denver-based federal appeals court reinstated constitutional rights claims on Friday against Colorado’s treasurer, potentially opening the door to a class-action lawsuit over how the state has set up its process for reuniting people with their unclaimed property. A three-judge panel of the U.S. Court of Appeals for the 10th Circuit ruled that two plaintiffs…
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Judge tosses lawsuit against Colorado treasurer over unclaimed property program
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A federal judge has dismissed a lawsuit by two Colorado residents against Treasurer Dave Young that alleged the state is failing to provide adequate notice to potential owners of unclaimed property totaling roughly $1 billion. Although plaintiffs David Knellinger and Robert Storey filed a proposed class action lawsuit, which would cover an estimated 1.6 million people…
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Tens of millions of dollars waiting to be reclaimed by Colorado residents
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Coloradans can now recover unclaimed properties online, allowing access to tens of millions of dollars worth of forgotten checks, wages and more. State Treasurer Dave Young urged Colorado residents to reclaim their property on Monday as part of “The Great Colorado Payback.” Young said at least one in 10 Coloradans have unclaimed property such as…
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Colorado Payback rules change to allow easier access to lost funds
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State Treasurer Dave Young announced rules changes Tuesday that will make it just a little easier to obtain lost property held under the Great Colorado Payback program. The rules changes tied to the state’s Unclaimed Property Program that went into effect include an adjustment to the limit for notarization requirements. Before the change, claims equal…
