Saturday, December 4, 2021
74.7 F
Fort Worth

RadioShack must face gift-card lawsuit as dismissal bid fails

🕐 1 min read

RadioShack Corp. lost its bid to throw out a lawsuit by the Texas attorney general on behalf of consumers who hold the bankrupt retailer’s gift cards, complicating its effort to wind down.

The ruling comes a month after the company filed its plan to liquidate in bankruptcy, explaining how its remaining assets will be distributed. The plan followed the sale of about 1,700 of the Fort Worth-based chain’s stores and rights to its name to hedge fund Standard General LP.

Standard plans to run the locations under a co-branding arrangement with Sprint Corp. In addition to buying the stores for about $145.5 million, Standard General purchased data on about 67 million customers in a $26.2 million deal for assets including the RadioShack name.

Related Articles

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate