That's all I can say since my post is getting flagged for this reason. We work to advance government policies that protect consumers and promote competition. 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.. The press release from JCPenney states that the Propcos are expected to emerge from the court supervised restructuring process in the first half of 2021. 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. 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. Or is there a kitty that holds all lease payments due from now on? Password must match previously entered new password. Need info on your own credit report? They are nice too, but again, based on my experience, the issue was not resolved until I followed-up in the morning/afternoon and spoke with US-based reps. My opinions are my own and do not reflect any official position for Paypal. TX You may unsubscribe by clicking the Unsubscribe link at the bottom of the email updates you receive. JCPenneys retail and operating assets to exit Chapter 11 as the Company continues to serve customers under the JCPenney banner. E10440632020-1. This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. Agenda for Hearing on 9/29/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). 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. 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. Time Hearing Held: 11:15 AM. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Buy items from brands you know . To my simple mind, the whole transition should have been completed in one swoop. Other than that, the only 2 other possibilities I can think of would be the following: In or around 2015, Paypal resolved lawsuits and US CFPB investigations into their Paypal Credit product by arriving at an agreed settlement amount. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. Joele Frank Wilkinson Brimmer Katcher (Related document(s):2732 Generic Motion, 3025 Objection) Filed by OpCo Purchaser. Florida, Spring Hill, Nature Coast Commons, shopping mall, JC Penney, department store. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. (Related document(s):2387 Generic Motion, 2538 Objection to Claim) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. Lewisville, TX 75067-8797. 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. JCPenney To Refund Customers $50M In False Advertising Settlement. (Related document(s):2596 Objection to Claim, 2597 Objection to Claim, 2598 Objection to Claim, 2599 Objection to Claim, 2600 Objection Notice of Reset of Hearing. 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. Public Records Policy. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing. The chart below includes recent FTC cases that resulted in refunds. The Court has appro Notice of Hearing. Case Summary. 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. 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. Get a D&B Hoovers Free Trial. And the best part of all, documents in their CrowdSourced Library are FREE! Check your browser settings or contact your network administrator. Copyright 2017 Textile Industries Media Group, LLC. Looking for legal documents or records? (Related document(s):2830 Motion for Relief From Stay) Filed by J. C. Penney Company, Inc. Notice of Hearing on June 23, 2021 at 2:30 p.m. (CT). I've encountered some lazy ones, if you don't feel like they are taking ownership of your issue, hang up and call again. 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. With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. 7/7/2022: Minute Order - MINUTE ORDER (CASE MANAGEMENT CONFERENCE:), 5/13/2022: Minute Order - MINUTE ORDER (CASE MANAGEMENT CONFERENCE:), 4/15/2022: Stipulation and Order - SECOND STIPULATION AND ORDER TO EXTEND TIME TO FILE RESPONSIVE PLEADING, 3/17/2022: Certificate of Mailing for - CERTIFICATE OF MAILING FOR (COURT ORDER - REGARDING CONTINUANCE OF HEARING:) OF 03/17/2022, 3/17/2022: Minute Order - MINUTE ORDER (COURT ORDER - REGARDING CONTINUANCE OF HEARING:), 3/17/2022: Stipulation and Order - STIPULATION AND ORDER TO EXTEND TIME TO FILE RESPONSIVE PLEADING AND CONTINUE CASE MANAGEMENT CONFERENCE, 1/19/2022: Notice of Case Management Conference, 1/13/2022: Summons - SUMMONS ON COMPLAINT, 1/13/2022: Notice of Case Assignment - Unlimited Civil Case, 1/13/2022: Voluntary Efficient Litigation Stipulation Packet, 1/13/2022: Unknown - FIRST AMENDED GENERAL ORDER RE: MANDATORY ELECTRONIC FILING, 1/13/2022: Unknown - ALTERNATE DISPUTE RESOLUTION PACKET, DocketOn the Complaint filed by Pamela Hill on 01/13/2022, entered Request for Dismissal with prejudice filed by Pamela Hill as to the entire action, DocketRequest for Dismissal; Filed by: Pamela Hill (Plaintiff); As to: Pamela Hill (Plaintiff); Penney Opco, LLC (Defendant), DocketOrder to Show Cause Re: Dismissal (Settlement) scheduled for 09/06/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47 Not Held - Vacated by Court on 07/22/2022, DocketOrder to Show Cause Re: Dismissal (Settlement) scheduled for 09/06/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47, DocketMinute Order (Case Management Conference:), DocketCase Management Conference scheduled for 07/07/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47 updated: Result Date to 07/07/2022; Result Type to Held, DocketCase Management Conference scheduled for 07/07/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47. Agreed Notice of Reset of Hearing with Respect to Claim No. It includes Penney's retail operations. PropCos assets would include the 160 owned and ground leased real properties and the six owned distribution centers, as well as other unspecified related assets and liabilities. The company's filing status is listed as Expired and its File Number is 2026106-0160. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Cautionary Statement Regarding Forward-Looking Information. Case Background. By browsing this website, you consent to the use of cookies. Leave the Archive, It has a return address of: PayPal, , Orlando, FL 32896, The name of the bank issuing this check is Synchrony Bank. The FTC never requires people to pay money or provide account information to cash a refund check. Media Relations: A receipt for your jcp.com order could include: (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images), Education Images/Universal Images Group via Getty Images. 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. Kristen Bennett In the lower left corner, there is more info: Bank of America, N.A., Atlanta, Dekalb County, GA . 11.11.15 9:53 AM EDT By Ashlee Kieler @akieler. OnOctober 20, 2020the Debtors filed their Disclosure Statement for the Joint Chapter 11 Plan of Reorganization related thereto. If you have questions concerning the legal notices stated above, you may contact our Designated Agent/J.C. Opinions expressed by Forbes Contributors are their own. 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. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. Pursuant to the Plan of Reorganization, the common stock of Old COPPER Company, Inc. (f/k/a J. C. Penney Company, Inc.) was cancelled on the Effective Date. This case was filed in Los Angeles County Superior Courts, Stanley Mosk Courthouse located in Los Angeles, California. 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. Call (301) 590-6500 to speak with a FINRA staff member. Filed by J. C. Penney Direct Marketing Services LLC. Forward-looking statements are based only on the Companys current assumptions and views of future events and financial performance. The customers will come through the doors or else buy on-line, which many have done in the first days after Thanksgiving. WRITE REVIEW. 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). Notice of Reset Hearing. Some Exclusions Apply. 2023-01-13, Los Angeles County Superior Courts | Personal Injury | If its for a reasonably small amount 0-100, for example, I really can't imagine it being a fraudulent check. Cashing that unexpected "windfall" may result in losses, reveal your personal financial information to scammers, or both. The Company does not undertake to update these forward-looking statements as of any future date. Email: JCPenneyinfo@primeclerk.com. JCPenney is now poised for a future focused on innovation and consumers, while continuing to navigate through the pandemic. The case status is Pending - Other Pending. 118 years after JCPenney was created in Kemmerer, Wyoming new owners will operate the stores as they exit from bankruptcy. 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. Part of all, documents in their CrowdSourced Library are Free one swoop and priorities for FTC! Plan of Reorganization Related thereto can say since my post is getting flagged for this reason website. 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