RadioShack Unused Gift Card Settlement

A federal bankruptcy judge has authorized a settlement that will issue compensation to consumers who have unused RadioShack gift cards with a balance.

Attorneys general from several states had accused RadioShack of selling gift cards to consumers after the 2014 holiday season even though the company knew it would soon be declaring bankruptcy and that the cards would lose their value.

In February 2015, RadioShack filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code. The bankruptcy plan was approved and became effective on Oct. 7, 2015.

The RadioShack gift card claims process is part of a settlement agreement approved by a U.S. Bankruptcy Court in Delaware. The company has agreed to issue refunds to consumers who still have a RadioShack gift cards with an unused balance. This settlement will ensure that holders of unused gift cards will receive their refunds ahead of RadioShack’s secured creditors.

There are approximately $46 million worth of RadioShack gift cards that have not yet been redeemed, and under the terms of the bankruptcy plan, RadioShack will have to exchange them all for cash. Priority will be given to gift cards that were purchased from a RadioShack store or an authorized seller. Consumers who received gift cards as a promotion or in exchange for merchandise may not be eligible for a full refund.

Who’s Eligible

Anyone with a RadioShack gift card that has a balance may be eligible for a refund from the gift card settlement.

Potential Award

Varies.

If your gift card was purchased from a RadioShack store (or an authorized seller), you will be paid 100 percent of the balance on your card.

If your gift card was not purchased from a RadioShack store but was instead given to you in exchange for a merchandise return, to resolve a customer service dispute, or as a service contract/warranty refund, your claim will not be treated as a priority and you may not receive a full refund.

Proof of Purchase

Class Members must provide a copy of the gift card and/or the card’s serial number in order to be eligible for payment.

You do not need to know the balance on your gift card to file a claim.

Claim Form

CLICK HERE TO FILE A CLAIM »

Claim Form Deadline

12/02/2016

Case Name

In re: RS Legacy Corporation, et al., Case No. 15-10197 (BLS), in the U.S. Bankruptcy Court for the District of Delaware

Final Hearing

N/A

Settlement Website

www.OldRadioShackGiftCard.com

Claims Administrator

RS Legacy Corporation fka RadioShack Corporation
Claims Processing Center
c/o Prime Clerk LLC
P.O. Box 225392
New York, NY 10150

844-794-3477
RSGiftCardInfo@PrimeClerk.com

Class Counsel

N/A

Defense Counsel

N/A