Attorney(s) appearing for the Case
William E. Mahoney, Thomas Walter Dymek, C. Clark Hodgson, Jr., Stradley, Ronon, Stevens & Young, L.L.P., Carl A. Solano, Schnader Harrison Segal & Lewis, L.L.P., Philadelphia, for First Union Corporation and First Union National Bank.
Marc L. Ackerman, Brodsky & Smith, L.L.C., Bala Cynwyd, Elizabeth Ann Berney, Milberg, Weiss, Bershad & Schulman, L.L.P., David R. Scott, Ronald G. Henry, Bryn Mawr, for Delaware County.
BEFORE: CASTILLE, C.J., SAYLOR, EAKIN, BAER, TODD, McCAFFERY, GREENSPAN, JJ.
Supreme Court of Pennsylvania.
In this appeal by allowance, we consider whether Pennsylvania's statute pertaining to the disposition of unclaimed property requires that a local government escheat to the Commonwealth both principal and interest on unclaimed bond funds, or whether only the principal must be escheated.
According to the parties' allegations, Appellee Delaware County ("County") issued a number of general obligation bonds during the time...
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