TMCnet News
Partner at Award-Winning Law Firm Launches Escheatment to Help Charities and Businesses Reclaim Billions in Missing AssetsWith more than a decade of law and technology experience, Peter Mastroianni, partner at award-winning national trial firm, Reichman Jorgensen, has announced the launch of Escheatment. Escheatment specializes in discovering and reclaiming missing assets for charities, corporations, and individuals by utilizing proprietary technology that quickly and thoroughly locates and reclaims escheatment, eliminating what is often a burdensome and time-consuming process. "We have the unique capability of providing a simple solution to a daunting and circuitous process. The confusion surrounding asset location leads to frustration, extinguishing attempts to find and reclaim assets properly due," says Peter Mastroianni, a founder of Escheatment and member of the company's Board of Directors. When certain assets are left unclaimed, they are transferred to states and other governmental entities in a process known as escheatment. These assets are then custodially held until reclaimed by the rightful owner. Currently, more than $50 billion dollars of custodial escheatment is in governmental possession. "Durig one of the most uncertain times in history, every dollar a non-profit organization can raise makes a difference. It is an honor to be able to help provide charities with donations that they are rightfully entitled to through Escheatment. We will take immediate action to reclaim these funds so they can be put to good use." The company has underscored its commitment to recoveries for charitable organizations by offering its services to charities Pro Bono. Escheatment offers a success-based, contingent fee structure for other clients. Mr. Mastroianni has advised businesses, high-net worth individuals, and other clients about escheatment-related matters since 2010. After developing proprietary software used in his ESI (News - Alert) practice at Reichman Jorgensen, Mastroianni decided to expand and leverage the technology for escheatment. The result: Escheatment.com - the first "Google" for escheatment. About Escheatment: Founded in 2020 by Peter Mastroianni, New York-based attorney and Partner in Reichman Jorgensen, LLP, Escheatment is a culmination of more than a decade of law, technology, and business experience. Escheatment aims to discover and reclaim property for its rightful owners. Proprietary software creates an opportunity to perform a sophisticated, comprehensive search for escheatment recovery. "You may be owed money. Escheatment makes sure you get ALL of it." For more information or to inquire about Escheatment's services, please visit www.escheatment.com. About Reichman Jorgensen: Reichman Jorgensen LLP is an elite national trial firm that handles high-stakes commercial litigation, intellectual property, and white-collar disputes. The firm is majority women-owned and rejects the billable hour in favor of fee arrangements that align with client interests. Reichman Jorgensen's attorneys are diverse, exceptionally credentialed, and passionate about trial advocacy. From offices in Silicon Valley, New York, Washington, D.C., and Atlanta, the firm tries cases and argues appeals throughout the country. For more information, visit www.reichmanjorgensen.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210126005274/en/ |
