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

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 ...