|From: Gift Cards Arena|
"Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, a Manhattan federal judge ruled Wednesday. According to Reuters, there are about $210.5 million worth of such cards that had not been used by the time the bookstore chain went out of business in September 2011. All of which are now 'equitably moot.'
— Jenny Hendrix, Los Angeles Times
What is equally annoying about this court ruling is that all this book-targeted cash ended up generating no royalties for authors.
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