NJ's Appeal Over Gift Card Law Passed Over By High Court

Law360, New York (October 29, 2012, 1:56 PM EDT) -- The U.S. Supreme Court on Monday refused to take up New Jersey's challenge to a Third Circuit decision that blocked portions of a 2010 law that provided for the transfer of unused gift card balances to the state.

The high court denied certification in the case of Sidamon-Eristoff v. New Jersey Food Council, in which New Jersey wanted the justices to decide whether federal common law preempts a state from assuming temporary custody of unclaimed property arising within its borders that the rightful owner has not...
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