ESTATE OF RENE CORREA BORQUEZ v. MUOIO et al
Case Number:
3:24-cv-11301
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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January 14, 2026
NJ Court Won't Probe State's Unclaimed Property Law
A New Jersey federal judge dismissed a Chilean citizen's suit challenging the constitutionality of New Jersey's unclaimed property law, finding that he lacks standing despite his arguments that he fears the state may again seize, sell and undercompensate him for abandoned stocks.
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December 19, 2024
NJ Unclaimed Property Law Targeted In Class Claims
A Chilean citizen on Thursday filed proposed class claims challenging the constitutionality of New Jersey's unclaimed property law, alleging that the state often auctions or sells off abandoned real estate without any prior notice to owners — which purportedly include pop superstar Taylor Swift — and keeps the proceeds for its own use.