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Staples settles Delaware property dispute for $8.9 million

Dover, Del. -- A Friday report by the Associated Press said that Staples Inc. will pay $8.9 million to settle an abandoned property dispute with the state of Delaware.

A final payment is slated to be paid by Staples on Monday to settle the two-year-old suit that involved Delaware’s method of calculating liability for abandoned property. Staples argued that unclaimed customer rebates should not be considered abandoned property, but a judge disagreed.

 

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