Delaware Attorney General Joe Biden Jr. Intervenes in Delaware False Claims Act Case Case Concerning Unclaimed Property


Delaware Attorney General Joe Biden Jr. Intervenes in Delaware False Claims Act Case Case Concerning Unclaimed Property

As regular readers know, I am a proponent of using state false claims acts to pursue unclaimed property suits against Holders of Unclaimed Property.  I am also a proponent of aggressive enforcement of state false claims acts, regardless of the size of the case.

So I was quite happy to hear that Joe Biden Jr., the elected Attorney General of Delaware, recently intervened in a DFCA case alleging a failure to deliver unclaimed property to the state of Delaware. 

I was even more happy to hear that the amount of the claim (in single damages that is) was $500,000.00. 

Mind you, after you tack on interest at the rate of 12% and treble the damages and add in civil penalties (all of which is required under the law) you are not talking about a $500,000.00 case anymore.  

But here is the real point of General Biden’s intervention decision — and it shows a great deal is wisdom and forethought.  

He knows that aggressive enforcement of the Delaware Unclaimed Property Law, just like aggressive enforcement of the Delaware False Claims Act, will pay off in untold dividends in the future.