It has been three years since the last Borders store closed its doors, 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, the Wall Street Journal reported on Saturday. The group faced its latest setback on Wednesday when the U.S. Court of Appeals for the Second Circuit sided with two lower courts and ruled that the former customers waited too long to raise their claims for the unused gift cards. According to Borders, the former bookseller had 17.7 million unredeemed gift cards worth $210.5 million at the time it closed, dating back to when the first card was issued in 1998. Since January 2012, attorney Clinton Krislov has argued that Borders didn’t make enough of an effort to notify the gift-card holders that they had to act fast to use the cards once Borders entered chapter 11. Krislov said he plans to appeal last week’s decision by either requesting that the full appeals-court panel hear the case or by offering it up for the U.S. Supreme Court’s consideration.
