WASHINGTON -- The Supreme Court heard conflicting and sometimes bewildering arguments yesterday in a dispute over abandoned property that could end up costing New York State roughly $800 million.

But the court's disposition of the case, Delaware v. New York, could have significant financial ramifications for the other 49 states and the District of Columbia, all of which are officially involved in the dispute and stand to gain if New York is required to forfeit the money.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.