Simon v. Wiessmann
Court of Appeals for the Third Circuit
1Opinion of the Court
AMENDED OPINION OF THE COURT
MICHEL, Chief Circuit Judge.
Richard D. Simon, Vera Pomerantz, Ronald J. Smolow, and others of the putative class (collectively “Simon”) are claimants of previously unclaimed property taken into the custody of the Commonwealth of Pennsylvania, pursuant to the Disposition of Abandoned and Unclaimed Proper ty Act (“DAUPA”), codified at 72 P.S. § 1301.1 et seq. We must determine whether certain DAUPA provisions, relieving the State from having to pay interest earned on unclaimed property, impose a taking for which just compensation must be paid, pursuant to the Fifth…
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