A consumer law firm is trying to help unused gift card holders recoup their value of unused gift cards. In the bankruptcy cases of Lord & Taylor and Sur La Table, gift-card holders have filed proposed class-action lawsuits seeking priority status. They intend to request the appointment of an official consumer committee to handle unusable gift card claims. Several other consumer law firms have also filed suit, attempting to recoup the value of unused gift cards.
Lord & Taylor
Despite the name, you can exchange Lord & Taylor vs unused gift cards for cash and merchandise credit. But how do you make sure you get the right amount of cash? This article will explore the pros and cons of this exchange program and explain the best way to use them. Also, learn how to get the most out of your gift cards and how to avoid making costly mistakes. This article will also explain why Lord & Taylor is a great place to trade in unwanted gift cards.
In both Lord & Taylor and Sur La Table cases, MacDonald and Burt have filed class-action claims. Both claim that gift cardholders should have priority status and receive $3,025 per card. Both companies haven’t specified the total amount of unused gift cards on their websites. In both cases, the lawyers will attempt to get the bankruptcy court to allow the class to operate as a committee to determine what amounts are to be returned to cardholders.
Apple
The plaintiffs in an Unused Gift Cards lawsuit against Apple have filed suit against the company. They claim that Apple has failed to revoke previously-granted authorizations and violated consumer protection laws. Apple is not responsible for these fraudulent transactions, but it can and should help victims of such scams. In this lawsuit, the plaintiffs seek a jury trial, pre and post-judgment interest, and reasonable attorney’s fees.
The Federal Trade Commission estimates that gift card scams will cost $30 million annually by 2020. If that estimate is correct, only about a quarter of these incidents will involve Apple cards. So, the true cost of these scams is likely much higher. Most victims of these scams are embarrassed to report their losses. As a result, the lawsuit asks Apple to provide relevant information, including the mechanisms that detect fraudulent gift card transactions. It is likely to include the total amount of commissions the company earns from gift card scams.
Rue La La
A class action lawsuit filed against Rue LaLa over its illegal expiration policy has been settled. The Boston-based retailer is accused of violating federal and Massachusetts laws regarding gift certificates, namely that they must be valid for at least five years after purchase. The settlement is beneficial to the 7.5 million Rue LaLa members who are eligible to receive some type of compensation. The company will have to pay millions of dollars in damages.
Before filing a lawsuit, Customers should understand their legal rights. Rue LaLa will attempt to settle any dispute, including those relating to their Gift Cards, Terms and Conditions, purchase, redemption, or content. If the dispute cannot be settled through negotiations, they may pursue arbitration. The arbitration process will be governed by the Federal Arbitration Act. Any damages awarded will be compensated to the person who suffered the damage. However, this is not a guarantee of a fair or just outcome.
H&M
Consumers are now able to get the funds from their H&M gift cards, thanks to a settlement with the New York Attorney General’s office. The lawsuit alleges that H&M falsely told consumers that they handled gift cards through an out-of-state company when in fact they did not. H&M was also required to turn over unused gift card balances to the state’s abandoned property fund, even though they had lied about the process to do so.
The settlement involves a lawsuit that claims that H&M illegally held $18 million in unused gift card balances between 2004 and 2014. The lawsuit also alleges that H&M concealed its failure to turn over these funds after consumers turned them in. In exchange for the settlement, the company will pay $28 million to the state and another $7.74 million to the whistleblower who reported the fraud.
