TX Search the Legal Library instead. PENNEY OPCO LLC is a business entity in Lewisville, Texas registered with the Secretary of State of Washington State. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. If you'd like to know more about how the refund program works, visit this page about the FTC's process. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel and BRG Capital Advisors, LLC is serving as financial adviser to Simon and Brookfield. 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 (Related document(s):1594 Emergency Motion) Filed by J. C. Penney Company, Inc. Notice of Sale of Substantially All of the Debtors' Assets. Prohibited Uses You may use this Website only for lawful purposes and in accordance with these Terms of Use. 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.. After all, all those scams they talk about in the News where people deposited bogus checks and wired the money out to the fraudsters did not receive the checks in question until regular communication with the fraudster was established. Please click below to view and downloadadditional Sale Documents: The Bankruptcy Court has set the following deadlines for filing proofs of claim against the Debtors: Claims Bar Date: on or before July 10, 2020, at 5:00 p.m. (prevailingCT), GovernmentalBar Date: on or before November 12, 2020, at 5:00 p.m. (prevailingCT). (972) 431-3400 or jcpnews@jcp.com; Follow us @jcpnews, Meaghan Repko / Jed Repko / Dan Moore 2023-01-13, Los Angeles County Superior Courts | Personal Injury | 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. https://www.coleschotz.com/ Phone: 212.752.8000 Fax: 212.752.8393, Sarah Carnes Shelby Nace, 55 Hudson Yards New York, BUT That is not the whole story. The customers will come through the doors or else buy on-line, which many have done in the first days after Thanksgiving. JCPenney is now poised for a future focused on innovation and consumers, while continuing to navigate through the pandemic. On May 15, 2020, JCPenney announced that it has entered into a restructuring support agreement (the "RSA") with lenders holding approximately 70% of JCPenney's first lien debt to reduce the Company's outstanding indebtedness and strengthen its financial position. (Related document(s):1592 Emergency Motion) Filed by J. C. Penney Company, Inc. Order Postponing Sale Hearing Signed on 11/2/2020 Sale Hearing continued to November 9, 2020, at 10:30 a.m. CST by telephone and video conference. 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. Kroll Restructuring Administration (formerly known as Prime Clerk) collects your email for the sole purpose of sending you updates on the docket activity for the case you select at the frequency and for the duration that you designate. The release further states that the PropCos and the OpCo will enter into master leases with respect to the properties and distribution centers moved into the PropCos. Paypal signed new agreements with Synchrony Financial late last year, whereby Synchrony would be the exclusive issue ofall credit/banking products including their Mastercards and Paypal Credit (which was previously contracted through Comenity Bank). Follow the Phone prompts as punching 0 doesn't work and the system can hang up on you if you try too many times. ALL PRIME CLERK URLS AND EMAIL ADDRESSES ARE AUTOMATICALLY REDIRECTED. Appearances: SEE ATTACHED. In addition, on November 24, 2020, the Court approved the Companys Plan of Reorganization to create separate property holding companies (PropCos) comprising 160 of the Companys real estate assets and all of its owned distribution centers, which will be owned by the Companys DIP and First Lien Lenders. Internet Explorer presents a security risk. Agenda for Hearing on 12/7/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. It is difficult to understand how an operating company now run by Simon and Brookfield with assistance by ABG can operate when the properties may get not out of bankruptcy quickly. With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. Kirkland & Ellis LLP is serving as legal adviser, Lazard is serving as financial adviser, and AlixPartners LLP is serving as restructuring adviser to the Company. You are viewing the PayPal Community Archives. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. People who receive checks should deposit or cash them within 90 days, as indicated on the check. To implement the Plan, the Companyfiled voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, Texas (the Court). Amended Agenda for Hearing on 5/4/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). Create a recurring email based on criteria you specify below. Roubaix, Hauts-de-France, France Lat Long Coordinates Info. (Related document(s):528 Objection to Claim) Filed by J. C. Penney Direct Marketing Services L Notice of Electronic Hearing. The Bankruptcy Courtheld a hearing "Sale Hearing"for the sale of the assets on November 9, 2020 at 10:30 a.m. (CT). (Related document(s):538 Generic Motion) Filed by J. C. Penney Direct Marketing Services LLC. Time Hearing Held: 11:15 AM. Or is there a kitty that holds all lease payments due from now on? 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, Chief Executive Officer and President of Simon Property Group. . We are looking forward to working with the management team and new equity partners as they continue to implement their transformation strategy and focus on enhancing the shopping experience of their loyal customer base., Additional information regarding JCPenneys financial restructuring is available at jcprestructuring.com. https://www.justice.gov/ust-regions-r07 Phone: 713.718.4650 Fax: 713.718.4580, 1133 N. Shoreline Blvd. The chart below includes recent FTC cases that resulted in refunds. We are pleased to lead such an important financing for this iconic American retailer, to not only support our long-term client through their reorganization, but also provide Simon Property Group and Brookfield Asset Management the financial flexibility they need as they transition JCPenney into its next phase, said David Marks, head of Wells Fargo Commercial Capital. 3995. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. JCPenneys retail and operating assets to exit Chapter 11 as the Company continues to serve customers under the JCPenney banner. Email: JCPenneyinfo@primeclerk.com. The OpCo will enter into master leases with the PropCos and JCPenney will continue to operate the properties and distribution centers moved into the PropCos. We are pleased to lead such an important financing for this iconic American retailer, to not only support our long-term client through their reorganization, but also provide Simon Property Group and Brookfield Asset Management the financial flexibility they need as they transition JCPenney into its next phase, said David Marks, head of Wells Fargo Commercial Capital. 900, Dallas, TX, 75201-3136, USA Directors / Officers. Additional information regarding JCPenneys financial restructuring is available at jcprestructuring.com. The Court has appro Notice of Hearing. That's a red flag. The FTC never requires people to pay money or provide account information to cash a refund check. Case Summary. 8:17-ML-2797-AG-KES. JCPenney To Refund Customers $50M In False Advertising Settlement. E10440632020-1. / Penney Opco LLC; Penney Opco LLC. The Company has included statements in this press release that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors can still trade JCP it's . NY Old COPPER Company, Inc. completed the Chapter 11 bankruptcy process on January 30, 2021, when the Plan of Reorganization was declared effective. http://www.kirkland.com/ Phone: 212.446.4800 Fax: 212.446.4900, Joshua A. Sussberg, P.C. Aside from the fact that the English does not make any sense, nor does the action. 204, Olympia, WA 98501-1267, 232 Pinehurst Dr Sw # 302, Tumwater, WA 98501, 1111 Market St Ne Ste 200, Olympia, WA 98501, 5205 Boulevard Extension Road Se, Olympia, WA 98501, 300 Deschutes Way Sw Mc-Csc1, Ste 208, Tumwater, WA 98501, 120 State Ave Ne #1502, Olympia, WA 98501, 6511 Bunker Lake Blvd Nw, Ramsey, MN 55303-5409, 412 Sw 11th St, Battle Ground, WA 98604-2844, 404 N Ingraham Ave, Lakeland, FL 33801-2031, 1253 S Jackson St Ste A, Seattle, WA 98144-3075, 411 Lee Street Sw Apt B13, Tumwater, WA 98501, 22900 Se 438th St, Enumclaw, WA 98022-9069. It's never as simple as just endorsing the check and putting it into your bank account. This case was filed in Los Angeles County Superior Courts, Stanley Mosk Courthouse located in Los Angeles, California. The common stock (JCPNQ/CPPRQ) is no longer in existence and is not traded or quoted on any market or exchange. There's always some reason that you have to give a certain amount of the payment back to person or company issuing the check. Doing Business As: JC Penney. You may unsubscribe by clicking the Unsubscribe link at the bottom of the email updates you receive. (Related document(s):2846 Motion for Relief From Stay) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. Before sharing sensitive information, make sure youre on a federal government site. 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. Google paypal customer care phone number and look for the last 4 digits 1161. As I have said in earlier reports, PropCo.1 which are 160 stores and PropCo.2 which are the warehouses and distribution centers did not exit bankruptcy on November 25. Agenda for Hearing on 7/13/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. Call (301) 590-6500 to speak with a FINRA staff member. 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. The OpCo will enter into master leases with the PropCos and JCPenney will continue to operate the properties and distribution centers moved into the PropCos. You can learn more about consumer topics and report scams, fraud, and bad business practices online at ReportFraud.ftc.gov. The .gov means its official. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. On January 30, 2021, the Effective Date of the Plan occurred, and the Plan was consummated.To view copies of the related documents, click on the link below: On October 20, 2020, the Debtors filed a motion to sell substantially all of their assets. If its significantly more than what I highlighted above, I'd take it to Bank of America (as the Bank of Record AKA Originating Financial Institution) and ask them to take a look at it if Paypal Customer Care does not yield the information you want or need. WRITE REVIEW. Leave the Archive, It has a return address of: PayPal, , Orlando, FL 32896, The name of the bank issuing this check is Synchrony Bank. Agenda for Hearing on 1/20/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). PLANO, Texas--(BUSINESS WIRE)--JCPenney today announced that it has completed its previously announced sale, under which Simon Property Group (Simon) and Brookfield Asset Management, Inc. 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