Judge rules unused Borders gift cards to be worthless

BookBrowse News - The Full Story

Judge rules unused Borders gift cards to be worthless

May 23 2013

Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by the time the bookstore chain shut down, a Manhattan federal judge ruled on Wednesday.

U.S. District Judge Andrew Carter said it would be unfair to other creditors of the former Borders Group Inc. to let gift card holders pursue recoveries from the bankruptcy estate.

Source: Reuters

More News Stories

Editor's Choice

  • Book Jacket: The Magnificent Esme Wells
    The Magnificent Esme Wells
    by Adrienne Sharp
    Esme Wells was not made to sit back and wait for her destiny. She was made to be magnificent. With ...
  • Book Jacket: Gateway to the Moon
    Gateway to the Moon
    by Mary Morris
    Miguel Torres is a teenager living in Entrada de la Luna, a poverty-stricken dot on the New Mexico ...
  • Book Jacket: New World, Inc.
    New World, Inc.
    by Simon Targett, John Butman
    When we think about the founding of America, we typically envision Pilgrims in black garb and boxy ...
  • Book Jacket: New World, Inc.
    New World, Inc.
    by Simon Targett, John Butman
    When we think about the founding of America, we typically envision Pilgrims in black garb and boxy ...

Book Discussion
Book Jacket
Harbor of Spies by Robin Lloyd

A captivating thriller-at-sea set in Spanish colonial Havana in the 1860s.

About the book
Join the discussion!

Readers Recommend

  • Book Jacket

    Sometimes I Lie
    by Alice Feeney

    This brilliant psychological thriller asks: Is something a lie if you believe it's the truth?
    Reader Reviews

Who Said...

Some books are to be tasted, others to be swallowed, and some to be chewed on and digested.

Click Here to find out who said this, as well as discovering other famous literary quotes!

Word Play

Solve this clue:

I Wouldn't T H W A T-F P

and be entered to win..

Books that     
entertain,
     engage

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends books that we believe to be best in class. Books that will whisk you to faraway places and times, that will expand your mind and challenge you -- the kinds of books you just can't wait to tell your friends about.