3995. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. 2022-11-21, Los Angeles County Superior Courts | Labor | Stephanie T. Nguyen, Chief Technology Officer, Competition and Consumer Protection Guidance Documents, The Federal Trade Commission works to promote competition and to, and report scams, fraud, and bad business practices online at, HSR threshold adjustments and reportability for 2023, A Century of Technological Evolution at the Federal Trade Commission, FTC to Host Workshop on Recyclable Claims as Part of its Ongoing Review of the Agencys Green Guides, Celebrating NCPW 2023 In Your Neighborhood: Outreach & Program Ideas - March 1, Company That Placed Crammed Charges on Consumers Phone Bills Settles FTC Contempt Charges, FTC Seeks Return of $52 Million Worth of Bogus Phone Bill Cramming Charges; Agency Charges Nation's Largest Third-Party Billing Company with Contempt, FTC Enforcement Actions Continue to Target "Crammers". NY
Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset of Hearing. 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). Case Background. Looking for legal documents or records? 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. Does OpCo pay for leases now? Investors can still trade JCP it's . Agenda for Hearing on 1/20/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). Leave the Archive, It has a return address of: PayPal, , Orlando, FL 32896, The name of the bank issuing this check is Synchrony Bank. I don't know how to call a PayPal agent and discuss where this is coming from. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. http://www.txs.uscourts.gov/bankruptcy/ Phone: 361.888.3142, 1325 Avenue of the Americas 19th Floor New York,
On May 15, 2020, JCPenney announced that it has entered into a restructuring support agreement (the RSA) with lenders holding approximately 70% of JCPenneys first lien debt to reduce the Companys outstanding indebtedness and strengthen its financial position. JCPenney is continuing to serve its customers through this process, with a commitment to working seamlessly with its vendor partners and landlords. (Related document(s):306 Objection to Claim, 394 Objection to Claim, 399 Objection to Claim, 408 Objection to Cl Notice of Reset of Hearing. Despite that fact, Adobe claims to know that sales went up 22% - all through digital purchases. 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. 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. Time Hearing Held: 1:00 - 3:15 PM. 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. There's always some reason that you have to give a certain amount of the payment back to person or company issuing the check. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. PENNEY OPCO LLC. 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. 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 The defendants admitted that they did not vet the charges before processing them and did not investigate consumer complaints about unauthorized charges. Login to our enhanced client management system. This content may be old or outdated. Find the resources you need to understand how consumer protection law impacts your business. Or, perhaps you sold something to someone and they used Paypal to send an e-check? OpCo Financing Update 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. (Related document(s):41 Agenda) Filed by J. C. Penney Company, Inc. Notice of Reset DIP Hearing. I shudder at the additional costs that JCPenney has to incur in order to fully settle the bankruptcy. Words such as expect and similar expressions identify forward-looking statements. Finally, one place to get all the court documents we need. People who receive checks should deposit or cash them within 90 days, as indicated on the check. 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. Like the FTC on Facebook, follow us on Twitter, get consumer alerts, read our blogs, and subscribe to press releases for the latest FTC news and resources. With the assistance of ABG (Authentic Brands Group) the company can open their stores and soon will show new brands that ABG owns. With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. 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. That would mean there would be fewer properties. 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. By browsing this website, you consent to the use of cookies. 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. 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. PENNEY OPCO LLC is a business entity in Lewisville, Texas registered with the Secretary of State of Washington State. ALL PRIME CLERK URLS AND EMAIL ADDRESSES ARE AUTOMATICALLY REDIRECTED. E10440632020-1. Excel Known Addresses for Penney Opco LLC 6501 Legacy Dr Plano, TX 75024 PO Box 10001 Dallas, TX 75301 2401 S Stemmons Fwy Lewisville, TX 75067 Corporate Filings for Penney Opco LLC Florida Department of State Texas Secretary of State California Secretary of State Corporate Notes Cancellation and Refund Policy, Privacy Policy, and 11.11.15 9:53 AM EDT By Ashlee Kieler @akieler. 10022
On March 31, 2022, the buyer will pay JCP 20% of the difference of (i) average net merchandise accounts payable in fiscal 2021 and (ii) net merchandise accounts payable at closing of the sale transaction; On March 31, 2023, the buyer will pay JCP 20% of the difference of (i) average net merchandise accounts payable in fiscal 2022 and (ii) average net merchandise accounts payable in fiscal 2021; The payment is limited to the less of (i) the amount due or (ii) the amount that would cause JCPs average LTM liquidity to fall below $500 million; and. Theresa M. Traber in Department 47 Stanley Mosk Courthouse, Los Angeles County Superior Courts | Labor | Wells Fargo CPI Class Action Settlement. Get a D&B Hoovers Free Trial. Federal government websites often end in .gov or .mil. Agenda for Hearing on 7/13/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). This was in keeping with the requirement that the new owners Simon and Brookfield, assume ownership before the start of the holiday selling season. Buy items from brands you know . 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. Is there a lease fund? iPhone. http://www.kirkland.com/ Phone: 212.446.4800 Fax: 212.446.4900, Joshua A. Sussberg, P.C. (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). Search the Legal Library instead. The Judge overseeing this case is THERESA M. TRABER. The FTC never requires people to pay money or provide account information to cash a refund check. 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. And the best part of all, documents in their CrowdSourced Library are FREE! The release further states that the. 78401
UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. It's never as simple as just endorsing the check and putting it into your bank account. BUT That is not the whole story. My concern that customers do not want to shop in stores due to the strong resurgence of the coronavirus COVID-19, which was borne out by the lack of customers in stores nationally. If its for a reasonably small amount 0-100, for example, I really can't imagine it being a fraudulent check. Agreed Notice of Reset of Hearing with Respect to Claim No. 10001-2057
Penney OpCo LLC (trading name, 2020-11-16 - ) JCPenney (trading name, 2021-01-13 - ) Agent Name C T Corporation System Agent Address 1999 Bryan St., Ste. Time Hearing Held: 11:15 AM. 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. 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. We work to advance government policies that protect consumers and promote competition. Old COPPER Company, Inc. completed the Chapter 11 bankruptcy process on January 30, 2021, when the Plan of Reorganization was declared effective. Corpus Christi,
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