Movement in the RadioShack bankruptcy
WILMINGTON, NORTH CAROLINA- RadioShack says it reached a tentative settlement in treatment over gift cards in the company's bankruptcy case.
Holders of roughly a third of the $46 million in outstanding gift cards would receive priority status and be paid in full. Other gift card holders would be paid pennies on the dollar depending on how they received their gift cards.
Lawyers for some gift card holders say they may still press their claims.
The settlement reached Wednesday came after a complaint from the Texas Attorney General's office which is working with attorney's general in other states on behalf of RadioShack gift card holders.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Shop served hot lunches after tornado ripped through New Roads, knocking out...
Channel 2's Best Bet$: NFL Conference Championships
'Unexpected settlement' to delay bridge project in West Baton Rouge Parish
Dysfunction at DCFS: Employee retired under cloud of controversy, rehired with pay...
LSU women's basketball makes trip to Angola