The defunct Borders bookstore chain owes nothing to holders of roughly $210.5 million of gift cards that had not been used by the time it shut down, a Manhattan federal judge ruled yesterday.US Dis… ...

A Manhattan judge upholds a lower court ruling that $210 million worth of unredeemed gift cards from the defunct book chain are no longer valid.

An attorney is making a last-ditch effort to recover some value for holders of gift cards sold by Borders, the book chain that went under four years ago.

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.

Borders has filed Chapter 11 bankruptcy but says “business operations continue as normal,” in a statement posted on a new web page titled www.bordersreorganization.com. The statement reads: “In light ...

It’s been three years since the last Borders closed, but that hasn’t stopped a group of jilted gift-card holders from continuing to fight for their unredeemed vouchers to be turned into cash.

Borders has filed Chapter 11 bankruptcy but says “business operations continue as normal,” in a statement posted on a new web page titled www.bordersreorganization.com. The statement reads: “In light ...