Judge rules unredeemed Borders gift cards useless

NEW YORK

A federal appeals court judge has ruled that customers who hold $210 million in gift cards from the chain aren't eligible for refunds.

The decision upholds a lower court ruling.

There were nearly 18 million gift cards outstanding in the months after Borders filed for Chapter 11 bankruptcy protection in February 2011.

At one time, there were 642 Borders stores nationwide.

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