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 business as JCPenney outside of the Chapter 11 bankruptcy process. Find the resources you need to understand how consumer protection law impacts your business. NEW HAMPSHIRE FOREIGN LIMITED-LIABILITY COMPANY. Wells Fargo CPI Class Action Settlement. 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. (Related document(s):540 Objection to Claim) Filed by J. C. Penney Direct Marketing Services LLC, Notice of Hearing. Notice of Reset of Lift Stay Hearing. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Words such as expect and similar expressions identify forward-looking statements. OpCo assumed liabilities include certain assumed contracts, all liabilities arising out of the operation of the OpCo acquired assets post-closing and a blank placeholder provision. With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. NY Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing Time. 10001-2057 Agreed Notice of Reset of Hearing with Respect to Claim No. People who receive checks should deposit or cash them within 90 days, as indicated on the check. Objection to Claim Number by Claimant The Wind-Down Debtors' Fifty-Eighth Omnibus Objection to Certain Proofs of Claim (Duplicate Claims) Hearing scheduled for Notice of Reset of Hearing. Kristen Bennett Forward-looking statements are based only on the Companys current assumptions and views of future events and financial performance. 601 Lexington Avenue New York, (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. Filed by J. C. Penney Direct Marketing Services LLC. E10440632020-1. This was in keeping with the requirement that the new owners Simon and Brookfield, assume ownership before the start of the holiday selling season. TX Roubaix, Hauts-de-France, France Lat Long Coordinates Info. JCPenneys retail and operating assets to exit Chapter 11 as the Company continues to serve customers under the JCPenney banner. Need info on your own credit report? Whether you're searching for a cute look for the weekend or some home basics, at JCPenney you're guaranteed to find products you want, at prices you love! 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.. Agreed Notice of Reset of Hearing with Respect to Claim No. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing. 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. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. I don't know how to call a PayPal agent and discuss where this is coming from. Reinforcing this shopping experience is the customer service and warrior spirit of JCPenney associates across the globe, all driving toward the Company's mission to help customers find what they love for less time, money, and effort. Lewisville, TX 75067-8797. ALL PRIME CLERK URLS AND EMAIL ADDRESSES ARE AUTOMATICALLY REDIRECTED. This includes a new ABL Facility, which was led by Wells Fargo, and the recently funded FILO Facility, on which Pathlight Capital (Pathlight) is serving as the FILO Agent. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. If you receive a check from FINRA, do not cash itunless you have a current business relationship with FINRA. Call (301) 590-6500 to speak with a FINRA staff member. 10019 With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. The customers will come through the doors or else buy on-line, which many have done in the first days after Thanksgiving. WRITE REVIEW. OpCo acquired assets include substantially all operating assets and all of the real estate assets other than the PropCo assets. MARCELL ALLEN, JR., ET AL. JCPenney has received commitments for $900 million in debtor-in-possession (DIP) financing from its existing first lien lenders, which includes $450 million of new money. This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. 2023-01-13, Los Angeles County Superior Courts | Personal Injury | BUT That is not the whole story. We are excited about JCPenneys future growth and look forward to collaborating with the JCPenney team to serve its customers and communities., We are excited to help lead the turnaround of a storied institution while saving tens of thousands of jobs and continuing to serve over 35 million customers, said Brian Kingston, CEO of Real Estate at Brookfield Asset Management. Check Out the Check The check itself may give you clues that it isn't legitimate. Please refer to the Companys Annual Report on Form 10-K for the year ended February 1, 2020, and Quarterly Reports on Form 10-Q filed subsequently thereto, for a further discussion of risks and uncertainties. Agenda for Hearing on 10/4/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). PENNEY OPCO LLC. 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). NY The FTC never requires people to pay money or provide account information to cash a refund check. Case Summary. 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. 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.. Penney Legal Department at P.O. Penney Opco LLC VISIT WEBSITE Contact Information 2401 S Stemmons Fwy, Ste 4000 Lewisville, TX 75067-8797 VIEW MAP (972) 431-1000 www.jcpenney.com Company Details Location Type: Headquarters Industry: Department Stores Ownership: Private Year Founded: 1902 An official website of the United States government. When does Propco function? The site is secure. They are pretty nice and some reps can be more helpful than others. PENNEY, L.L.C. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. 78401 https://www.cooley.com/ Phone: 212.479.6000 Fax: 212.479.6275, Jay R. Indyke Cathy Hershcopf Michael Klein, J. C. Penney Direct Marketing Services, LLC. Looking for legal documents or records? (Related document(s):2387 Generic Motion, 2538 Objection to Claim) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. Cashing that unexpected "windfall" may result in losses, reveal your personal financial information to scammers, or both. If you've ever had an account through either of these products, active or inactive, its possible this check derives from or may be possible related to something of that nature. Investors can still trade JCP it's . Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. 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.. Appearances: see attached. (212) 355-4449, Investor Relations: With the assistance of ABG (Authentic Brands Group) the company can open their stores and soon will show new brands that ABG owns. Orders purchased with PayPal will be refunded as cash when the customer is present at the point of return or as a check to the customer's billing address when the customer is not present. Agenda for Hearing on 7/22/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). You are viewing the PayPal Community Archives. Weekly highlights from our global intel and expert analysis. Cautionary Statement Regarding Forward-Looking Information. Follow the Phone prompts as punching 0 doesn't work and the system can hang up on you if you try too many times. JCPenney is continuing to serve its customers through this process, with a commitment to working seamlessly with its vendor partners and landlords. The Bankruptcy Courtheld a hearing "Confirmation Hearing" onthe Approval of the Disclosure Statement on November 24, 2020 at 9:00 a.m. (CT). 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. All suggestions are based on my education, experience, and interactions in matters of finance over the years. Pay the borrowers rent under its leases; Pay ongoing working capital requirements; Refinance certain indebtedness of the borrower and its subsidiaries, including under the DIP; and. This content may be old or outdated. https://www.coleschotz.com/ Phone: 212.752.8000 Fax: 212.752.8393, Sarah Carnes Shelby Nace, 55 Hudson Yards New York, Some Exclusions Apply. Will Continue to Serve Customers under the JCPenney Banner. 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. VS PENNEY OPCO LLC. 10022 The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. Updated -- Julia N. Sarnoff (Attorney): Middle Name changed from Nell to N. Case Management Conference scheduled for 05/13/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47 Held - Continued was rescheduled to 07/07/2022 08:30 AM, Address for Azar Mouzari (Attorney) updated, Complaint; Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), Civil Case Cover Sheet; Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), Summons on Complaint; Issued and Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), Alternate Dispute Resolution Packet; Filed by: Clerk, First Amended General Order re: Mandatory Electronic Filing; Filed by: Clerk, Voluntary Efficient Litigation Stipulation Packet; Filed by: Clerk, Notice of Case Assignment - Unlimited Civil Case; Filed by: Clerk, Case assigned to Hon. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. is an Utah Domestic LLC filed on June 26, 1996. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset of Hearing. ROSA ACEVEDO VS PENNEY OPCO LLC DBA JCPENNEY, ET AL. Not sure as I know nothing about e-checks, but its not implausible, so I offer it as a potential possibility. iPhone. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. Internet Explorer presents a security risk. 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. 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. By browsing this website, you consent to the use of cookies. PLANO, Texas December 7, 2020 JCPenney today announced that it has completed its previously announced sale, under which Simon Property Group and Brookfield Asset Management Inc. have acquired substantially all of JCPenneys retail and operating assets (OpCo). 118 years after JCPenney was created in Kemmerer, Wyoming new owners will operate the stores as they exit from bankruptcy. For years, the defendants, Billing Services Group (BSG), operated as a phone billing aggregator, passing charges from third parties to telephone companies so that those charges could be placed on consumers landline telephone bills. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Shop the best deals on dresses, shoes, jewelry, and much more with JCPenney. Search the Legal Library instead. PENNEY, L.L.C. Those risks and uncertainties include, but are not limited to, risks attendant to the bankruptcy process, including the Companys ability to obtain court approval from the Bankruptcy Court with respect to motions or other requests made to the Bankruptcy Court throughout the course of the Chapter 11 Cases; the ability of the Company to negotiate, develop, confirm and consummate a plan of reorganization; the effects of the Chapter 11 Cases, including increased legal and other professional costs necessary to execute the Companys reorganization, on the Companys liquidity; the effects of the Chapter 11 Cases on the interests of various constituents; the length of time that the Company will operate under Chapter 11 protection; risks associated with third-party motions in the Chapter 11 Cases; Bankruptcy Court rulings in the Chapter 11 Cases and the outcome of the Chapter 11 Cases in general; conditions to which any debtor-in-possession financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside the Companys control; the ability of the parties to the Asset Purchase Agreement to consummate the remaining transactions contemplated therein; and legal and regulatory proceedings. Cancellation and Refund Policy, Privacy Policy, and The Search Is On For The SDCs Global Colourist Of The Year 2023: Could Spinnova Has Appointed Santeri Heinonen As Chief Human Resources Officer And Management Team Member, Built To Last: Carhartt Launches Reworked Resale Site, Trade-In Program, ITMA 2023: Milan Hosts Textile Industry Superbowl, Introduction To Spunbond And Meltblown Technology, U.S. Industrial and Narrow Fabrics Institute Advocacy Days. http://www.kirkland.com/ Phone: 212.446.4800 Fax: 212.446.4900, Joshua A. Sussberg, P.C. 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. Login to our enhanced client management system. Corpus Christi, Courtroom Minutes. 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