In previous battles in this legal dispute, judges concluded that the card holders had waited around too long before trying to recoup the money. The plaintiff’s lawyer in this case has argued that the delay was because Borders didn’t make much of an effort to let their customers and gift card holders know that their cards were about to be worthless.
In theory, people who somehow still have gift cards could have been paid out of the money still left to pay stray debts belonging to Borders, or about $8 million. The plaintiff’s attorney also proposed getting money that had already been paid to other creditors back, which is called a clawback.
The Supreme Court declined to hear the case–or what an attorney representing Borders called “costly and meritless litigation.”
Unredeemed Borders Gift Cards are Officially Worthless [Wall Street Journal]
by Laura Northrup via Consumerist
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