Goldberg v. Frerichs

Seventh Circuit (2017): When the state takes custody of seemingly abandoned bank accounts, the rightful owner can get their funds back, plus interest, less reasonable custodial fees. On remand, the district court says interest is available to only those property owners whose funds were earning interest when the state took them into custody. Seventh Circuit (2019): Again: A property owner is entitled to income that their property earns, which doesn’t depend on what it was earning in the owner’s hands before the state took custody.

Tags: 2019, Property Rights, Seventh Circuit, Takings Clause

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