$211M In Borders Gift Cards Worthless After Ruling

Law360, Los Angeles (May 22, 2013, 10:17 PM EDT) -- A New York federal judge on Wednesday dismissed appeals by customers who hold gift cards from bankrupt book seller Borders Group Inc. and sought refunds, saying the appeals are moot because the company’s distribution plan can't handle the approximately $210.5 million in claims.

The decision comes less than a month after the customers pushed to revive their gift card claims in the form of a class action seeking refunds, saying they didn’t get an adequate chance to press the action. The customers sought to reverse an...
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Case Information

Case Title

In Re: Borders Group, Inc.


Case Number

1:12-cv-07714

Court

New York Southern

Nature of Suit

Bankruptcy Appeal (801)

Judge

Andrew L. Carter, Jr

Date Filed

October 16, 2012


Case Title

In Re: Borders Group, Inc.


Case Number

1:12-cv-07715

Court

New York Southern

Nature of Suit

Bankruptcy Appeal (801)

Judge

Andrew L. Carter, Jr

Date Filed

October 16, 2012


Case Title

In Re: Borders Group, Inc.


Case Number

1:13-cv-00080

Court

New York Southern

Nature of Suit

Bankruptcy Appeal (801)

Judge

Andrew L. Carter, Jr

Date Filed

January 3, 2013

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