1/11/2010 - Delaware Escheat Liability Litigation
The Delaware State’s Department of Finance filed suit against CA, Inc. alleging significant escheat liability following the termination of CA’s agreement to voluntarily disclose prior escheat liability. Compass Lexecon was retained by counsel for the State of Delaware, Ed Welch and Ed Micheletti of Skadden, Arps, Slate, Meagher & Flom LLP to estimate CA’s escheat liability. Kevin Dages, supported by a team in our Chicago office, served as consulting expert to Delaware during the discovery phase of the case and prepared analyses of escheat liability damage estimates for purposes of mediation and settlement. The matter settled favorably
to our client.