December 3, 2015
Carson City, NV – Today, Nevada Attorney General Adam Paul Laxalt announced that holders of gift cards purchased from former retailer RadioShack can now file claims seeking to recover the unused balance on their cards. The claims process is part of a settlement agreement previously approved in the U.S. Bankruptcy court in Wilmington, Delaware, and was supported by 24 states and the District of Columbia including Nevada.
“During bankruptcy proceedings, it is important to hear consumer concerns and preserve their rights,” said Laxalt. “This settlement agreement ensures that consumers are being treated fairly, and are appropriately reimbursed for millions of dollars in unredeemed gift cards.”
Under the Court’s order, claims for unredeemed cards that were purchased by either the holder of the gift card or the person who gave the card as a gift will be treated with priority status. Claimants with these prioritized cards purchased from either RadioShack, their website or any authorized sellers will be paid one hundred percent of the balance on the card. Cards acquired by any other means will not be treated as priority claims, and those claimants will at most receive a small percentage of the balance and may not receive any payment.
In addition to Nevada, other states and territories that supported this settlement agreement include: Arizona, Arkansas, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New York, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee,Texas, Virginia, Washington and West Virginia.
Purchasers looking for more information about the claims process and how to obtain a claims form should visit oldradioshackgiftcards.com. Consumers in all 50 states are eligible to file proofs of claim by December 2, 2016. To view a proof of claim form, click here. To view frequently asked questions about the claims process, click here.
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