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News & Press: Legislative News

OHIO SUPREME COURT RULING RE: INTERES

Monday, December 07, 2009   (1 Comments)
Posted by: Jackie Cote
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OHIO SUPREME COURT RULING RE: INTEREST

 

 Prepared by: Ed Scarborough

GRAC Awareness and Advocacy Subcommittee member

 

RE: Ruling of the Supreme Court of Ohio; Sogg v. Zurz

Appellee: Director of Commerce of the state of Ohio Kimberly Zurz

Appellant: Wilton Sogg, executor of his mother’s estate; certified to represent a class of all "persons or entities who filed, or will file, claims for unclaimed funds with the Defendant …, and who have recovered unclaimed funds but not been paid interest on such funds for any period after July 26, 1991.’
 
 

Comments...

Sheryl Flaherty, Hero Consulting Group Incorporated says...
Posted Friday, January 22, 2010
I thought it was curious that the plaintiff / appellant did not include any challenge about the five percent administrative fee that the state of OH charges. Does anyone know if that had already previously been challenged and settled? Or if this is currently also in the courts to be settled? Thanks!

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