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DEPT. OF FINANCE v. AT&T INC.

C.A. No. 2019-0985-JTL.

239 A.3d 541 (2020)

State of Delaware, DEPARTMENT OF FINANCE, Plaintiff, v. AT&T INC., Defendant.

Court of Chancery of Delaware.

Date Decided: July 10, 2020.

Attorney(s) appearing for the Case

Melanie K. Sharp , Martin S. Lessner , Mary F. Dugan , Michael Laukaitis , YOUNG CONAWAY STARGATT & TAYLOR, LLP, Wilmington, Delaware; Counsel for Plaintiff.

Brian M. Rostocki , Benjamin P. Chapple , REED SMITH LLP, Wilmington, Delaware; Sara A. Lima , REED SMITH LLP, Philadelphia, Pennsylvania; R. Gregory Roberts , REED SMITH LLP, New York, New York; Counsel for Defendant.

OPINION

Escheat is a procedure by which "a sovereign may acquire title to abandoned property if after a number of years no rightful owner appears." Texas v. New Jersey, 379 U.S. 674, 675, 85 S.Ct. 626, 13 L.Ed.2d 596 (1965). Title 12, Chapter 11, Subchapter II of the Delaware Code, titled...

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