Business

Settlement Allows Claims on RadioShack Gift Cards

December 3, 2015, 3:02 PM HST
* Updated December 3, 3:28 PM
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Consumers who have gift cards with a remaining balance to former retailer RadioShack can now submit a claim for funds in cash form.

Claims are part of a settlement agreement approved previously in the United States Bankruptcy court in Wilmington, Del. and includes Hawai’i, 23 additional states, and the District of Columbia.

The State of Hawai’i Office of Consumer Protection announced Thursday that gift card holders can visit the settlement website, where they can read about the claims process and obtain a form to request funds from their gift card.

“Just because a company files for bankruptcy doesn’t necessarily mean that its consumers will be left out in the cold,” said Stephen Levins, Executive Director of the Office of Consumer Protection. “Our participation in this matter has helped to ensure that Hawai’i consumers who purchased RadioShack gift cards will be able to redeem them for full value.”

All claims submitted will be reviewed in accordance with the court approved plan and settlement.

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Claims must be filed within the next year, with deadline for submission on Dec. 2, 2016.

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Along with Hawai’i, the following states are also participants in the settlement: Tennessee, Pennsylvania, Oregon, Arizona, Arkansas, Florida, Georgia, Texas, Illinois, Indiana, Maine, Maryland, Massachusetts, Missouri, Nevada, New Hampshire, New York, North Dakota, Ohio, Rhode Island, Virginia, Washington, and the District of Columbia.

Those interested in learning more about the claims process or obtaining a form should visit the State of Hawai’i Office of Consumer Protection’s website.

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