We work to advance government policies that protect consumers and promote competition. The Bankruptcy Courtheld a hearing "Confirmation Hearing" onthe Approval of the Disclosure Statement on November 24, 2020 at 9:00 a.m. (CT). The FTC never requires people to pay money or provide account information to cash a refund check. JCPenney's Retail and Operating Assets to Exit Chapter 11, JCPenney Restructuring Plan to Create PropCos Confirmed by Court, JCPenney Receives Court Approval for Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders, JCPenney Signs Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders, Charting Course for the Future, JCPenney Files Draft Asset Purchase Agreement, JCPenney Reaches Agreement in Principle with Brookfield Property Group and Simon Property Group to Acquire Retail and Operating Assets, JCPenney Announces Organizational Restructuring, Store Closing Sales are Now Underway at Select JCPenney Stores, JCPenney Provides Update on Store Optimization Strategy, JCPenney Receives Court Authorization to Access Debtor-In-Possession Financing, JCPenney Receives Court Approval of First Day Motions to Support Business Operations, JCPenney to Reduce Debt and Strengthen Financial Position Through Restructuring Support Agreement, Court filings and information about the claims process are available at http://cases.primeclerk.com/JCPenney, Toll-free: 877-720-6576 Cautionary Statement Regarding Forward-Looking Information. JCPenney is continuing to serve its customers through this process, with a commitment to working seamlessly with its vendor partners and landlords. Theresa M. Traber in Department 47 Stanley Mosk Courthouse, Los Angeles County Superior Courts | Labor | To my simple mind, the whole transition should have been completed in one swoop. This is exactly the type of investment our Retail Revitalization Program was designed to make and along with our partner Simon we have a successful blueprint in place to deploy our collective operational expertise and industry relationships to transform JCPenney through new innovations and offerings.. (Related document(s):236 Application to Employ, 238 Application to Employ, 800 Objection, 801 Objection) Filed by J. C. Penney Company, Inc. Notice of Reset Hearing on Motion for Entry of an Order (I) Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Professionals, an Order (I) Setting Bar Dates for Filing Proofs of Claim Including Requests for Payment Under Section 503(b)(9), (II) Establishing Amended Schedules Bar Date and Order (I) Extending Time for Performance of Obligations Arising Under Unexpired Non-Residential Real Property Lees and (II) Granting Related Relief (Related Doc Notice of Disclosure Statement Hearing. OnOctober 20, 2020the Debtors filed their Disclosure Statement for the Joint Chapter 11 Plan of Reorganization related thereto. Core properties: 160 fee-owned and ground leased real properties comprising 33 Tier 1 properties, 84 Tier 2 properties, 20 Tier 3 properties and 23 Tier 4 properties; Landlord option properties: Landlord will have option to remove these properties; Tenant option properties: Tenant will have option to remove these properties; and. (972) 431-3400 or jcpnews@jcp.com; Follow us @jcpnews, Meaghan Repko / Jed Repko / Dan Moore Cancellation and Refund Policy, Privacy Policy, and Or . UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. Or is there a kitty that holds all lease payments due from now on? All retail operations of Old COPPER Company, Inc. See Details 3.JCPenney To Refund Customers $50M In False Advertising Author: consumerist.com Post date: 4 yesterday Rating: 1 (1093 reviews) Highest rating: 4 Low rated: 2 Notice of Reset of Lift Stay Hearing. The Federal Trade Commission is sending refund checks totaling nearly $5 million to people who lost money to a cramming scheme that added charges to their home phone bills without their permission. The Bankruptcy Courtheld a hearing "Sale Hearing"for the sale of the assets on November 9, 2020 at 10:30 a.m. (CT). A check has been made out, to me. Consideration for the OpCo asset sale consists of (i) cash in the amount of a $300 million OpCo equity contribution plus an additional cash amount, which may be funded by a new ABL and/or FILO facility, (ii) a credit bid of DIP and first lien obligations in an unspecified amount, and (iii) the assumption of assumed liabilities. Forward-looking statements are based only on the Companys current assumptions and views of future events and financial performance. Last Wednesday, Simon Property Group (Simon) and Brookfield Capital Partners (Brookfield) were given the green light by the court. Paypal won't permit me (the system has already autorejected my post twice) to reveal the phone number. Consideration for the PropCo equity transfer consists of a credit bid of DIP and first lien obligations in an unspecified amount. Nonetheless, I am happy that 60,000 associates are working and I hope that most of them will survive the new challenges management faces. . JCPenney filed for Chapter 11 bankruptcy on Friday, meaning the 118-year-old retailer will get what may be its final chance to turn things around. Appearances: SEE ATTACHED. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. Agreed Notice of Reset of Hearing with Respect to Claim No. Theresa M. Traber in Department 47 Stanley Mosk Courthouse. Case Summary. We use cookies that are necessary to make our site work as well as performance, functional, and marketing cookies to help us improve your user experience. Knitting / Apparel Sponsored by OEKO-TEX, Techtextil North America/Texprocess Americas. (Related document(s):538 Generic Motion) Filed by J. C. Penney Direct Marketing Services LLC. Doing Business As: JC Penney Company Description: Key Principal: Kerri Bingham See more contacts Industry: Department stores, non-discount Printer Friendly View Address: 3601 S Constitution Blvd Salt Lake City, UT, 84119-3746 United States See other locations Phone: Employees (this site): Modelled ESG industry average: What is D&B's ESG Ranking? Roubaix, Hauts-de-France, France Lat Long Coordinates Info. (Related document(s):540 Objection to Claim) Filed by J. C. Penney Direct Marketing Services LLC, Notice of Hearing. Omnibus Notice of Reset of Electronic Hearings. Create a recurring email based on criteria you specify below. On December 7, 2020, Old COPPER Company, Inc. (OTCMKTS: CPPRQ), formerly known as J. C. Penney Company, Inc. (OTCMKTS: JCPNQ), completed the sale of substantially all of its retail and operating assets to Penney OpCo LLC, an entity controlled by Simon Property Group and Brookfield Asset Management, Inc. Penney OpCo LLC is a private company doing Today is an exciting day for our company, as we have accomplished our goal of putting JCPenney on a secure path for the future as a private company so that we can continue to serve our loyal customers, said Jill Soltau, Chief Executive Officer of JCPenney. Some Exclusions Apply. All retail operations of Old COPPER Company, Inc. ended effective with the sale of its operating assets. Summary: Penney OpCo LLC is a private company doing business as JCPenney outside of the Chapter 11 bankruptcy process. Address: 2401 S Stemmons Freeway. That's a red flag. Never miss a chance to save when shopping for him, her, kids, or home. The RSA contemplates agreed-upon terms for a pre-arranged financial restructuring plan (the Plan) that is expected to reduce several billion dollars of indebtedness, provide increased financial flexibility to help navigate through the Coronavirus (COVID-19) pandemic, and better position JCPenney for the long-term. (Related document(s):38 Emergency Motion, 108 Order Setting Hearing) Filed by J. C. Penney Company, Inc. During this process, JCPenney will continue to be one of the nations largest apparel and home retailers with an expansive footprint of hundreds of stores across the U.S. and Puerto Rico and a powerful eCommerce site, jcp.com. You will get a different rep. Evening and Night calls - in my experience - are routed to reps OCONUS (outside continental United States) and you can usually tell from cultural accents. In re Wells Fargo Collateral Protection Insurance Litigation, Case No. Any forward-looking statement made by the Company in this press release is based only on information currently available to it and speaks only as of the date on which such statement is made. With the assistance of ABG (Authentic Brands Group) the company can open their stores and soon will show new brands that ABG owns. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. Services may be provided by Western Union Financial Services, Inc. NMLS# 906983 and/or Western Union International Services, LLC NMLS# 906985, which are licensed as Money Transmitters by the New York State Department of Financial Services. 11.11.15 9:53 AM EDT By Ashlee Kieler @akieler. 900, Dallas, TX, 75201-3136, USA Directors / Officers. OpCo Financing Update To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Need info on your own credit report? The site is secure. The defendants admitted that they did not vet the charges before processing them and did not investigate consumer complaints about unauthorized charges. There is a new balance sheet with some debt but the new ownership should bring some stability to the operation and greater assurance to vendors to ship in the traditional way instead of their insistence of pre-payments of shipments. is an Utah Domestic LLC filed on June 26, 1996. The RSA contemplates agreed-upon terms for a pre-arranged . Buy items from brands you know . Throughout the 2020 holiday season and beyond, we remain focused on implementing our Plan for Renewal to Offer Compelling Merchandise, Drive Traffic, Deliver an Engaging Experience, Fuel Growth and Build a Results-Minded Culture., We have always been firm believers in JCPenney, and are very pleased to help preserve this iconic institution and save tens of thousands of jobs, said David Simon, chairman, CEO and president of Simon Property Group. On December 16, 2020, the Bankruptcy Court entereditsamendedorder approving the Disclosure Statement and confirming the Amended Plan following an oral ruling on November 29, 2020. https://www.coleschotz.com/ Phone: 212.752.8000 Fax: 212.752.8393, Sarah Carnes Shelby Nace, 55 Hudson Yards New York, Doing Business As: JC Penney. Kristen Bennett OpCo acquired assets include substantially all operating assets and all of the real estate assets other than the PropCo assets. I don't know how to call a PayPal agent and discuss where this is coming from. With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. The companys asset purchase agreement (APA) with Simon, Brookfield and the companys DIP and First Lien Lenders, supported by the Unsecured Creditors Committee, had previously been approved by the U.S. Bankruptcy Court for the Southern District of Texas on November 9, 2020. Contact Information 2401 S Stemmons Fwy STE 4000 Lewisville, TX 75067-8797 Get Directions Visit Website Email this Business (972) 431-1000 Average of 179 Customer Reviews Start a Review Customer. That would mean there would be fewer properties. The Companys asset purchase agreement (APA) with Simon, Brookfield and the Companys DIP and First Lien Lenders (First Lien Lenders), supported by the Unsecured Creditors Committee, had previously been approved by the U.S. Bankruptcy Court for the Southern District of Texas (the Court) on November 9, 2020. Bennett OpCo acquired assets include substantially all operating assets and all of Chapter... To the official website and that any information you provide is encrypted and securely. Dip and first lien penney opco llc refund check in an unspecified amount your state based on criteria specify! Discuss where this is coming from am happy that 60,000 associates are working and I hope that of! 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