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MoneyGram Millions Have States Duking It Out at Supreme Court (1)

Sept. 30, 2022, 8:45 AMUpdated: Sept. 30, 2022, 2:39 PM

Delaware is butting heads with 30 other states about which are the rightful recipients of potentially hundreds of millions of dollars in unclaimed money sent through Delaware-based MoneyGram, the second-largest money transfer company in the world.

The case being argued on Monday before the US Supreme Court turns on what constitutes a money order and whether the company’s financial transfer services—to send money to another person or to pay a bill—match that definition.

Businesses that deal with unclaimed funds are keenly interested to see where the high court will stand on the matter, as the law shifts rapidly to ...