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Georgia Tosses Gift Card Lawsuit

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Georgia's top court threw out a lawsuit involving Simon Property Group and it's gift card practices.

Georgia's top court on Monday threw out a lawsuit challenging the fees charged on gift cards sold at a mall owned by Indianapolis-based Simon Property Group.

The court didn't give Simon a pass.

In its unanimous decision, the justices ruled that the Georgia law overseeing the use of unclaimed state property doesn't apply to the unused gift cards.

But the court noted it didn't consider the "fairness or even the legality of the dormancy fees or expiration dates" in upholding a lower court's ruling to dismiss the case.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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