Indianapolis Simon Property Group, the owner of the Crystal Mall in Waterford, Conn., has agreed to pay nearly $309,000 to settle alleged violations of the state’s gift card laws. Connecticut Attorney General Richard Blumenthal says most of the money to be paid by Simon and its SPGGC affiliate will be in the form of refunds to thousands of consumers. The Attorney General’s lawsuit, filed in 2004, alleged the company illegally subjected consumers to inactivity fees on Simon gift cards from 2003 to 2005.
Source: Associated Press
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