• Third Circuit Decision Addresses New Jersey Gift Card Questions
  • January 25, 2012 | Authors: John L. Coalson; Maryann H. Luongo; Ethan D. Millar
  • Law Firms: Alston & Bird LLP - Atlanta Office ; Alston & Bird LLP - Washington Office ; Alston & Bird LLP - Los Angeles Office
  • On January 5 the U.S. Court of Appeals for the Third Circuit issued its opinion in N.J. Retail Merchants Association v. Sidamon-Eristoff, a case involving the constitutionality of 2010 N.J. Laws Chapter 25 (the NewJersey Act), New Jersey’s recently enacted unclaimed property legislation affecting the treatment of stored value cards (SVCs). The court’s decision answers several important legal questions concerning New Jersey’s treatment of SVCs but leaves many others unanswered.