Court of Appeals rules against Simon Property Group

The U.S. 2nd Circuit Court of Appeals has upheld the state’s ban on gift card dormancy fees in response to a lawsuit brought against Simon Property Group, owner of the Crystal Mall in Waterford, by Attorney General Richard Blumenthal. Simon Property Group was sued for illegally imposing expiration dates on gift cards and charging dormancy fees on unused balances. Today’s ruling came after Simon Property challenged the state’s ban.