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). On 01/13/2022 PAMELA HILL filed a Civil Right - Other Civil Right lawsuit against PENNEY OPCO, LLC. Weekly highlights from our global intel and expert analysis. Cautionary Statement Regarding Forward-Looking Information. NY 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. (Brookfield) have acquired substantially all of JCPenneys retail and operating assets (OpCo). The Court has appro Notice of Hearing. 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. Find the resources you need to understand how consumer protection law impacts your business. When does Propco function? PENNEY OPCO LLC is a business entity in Lewisville, Texas registered with the Secretary of State of Washington State. 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? Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Agenda for Hearing on 12/7/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). You can learn more about consumer topics and report scams, fraud, and bad business practices online at ReportFraud.ftc.gov. That's a red flag. 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. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. https://www.coleschotz.com/ Phone: 212.752.8000 Fax: 212.752.8393, Sarah Carnes Shelby Nace, 55 Hudson Yards New York, Agenda for Hearing on 7/13/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). Address: 2401 S Stemmons Freeway. Amended Agenda for Hearing on 5/4/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). 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. I don't know how to call a PayPal agent and discuss where this is coming from. 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. 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. 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. (972) 431-3400 or jcpnews@jcp.com; Follow us @jcpnews, Meaghan Repko / Jed Repko / Dan Moore (Related document(s):538 Generic Motion) Filed by J. C. Penney Direct Marketing Services LLC. 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. 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. (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. Create a recurring email based on criteria you specify below. Cashing that unexpected "windfall" may result in losses, reveal your personal financial information to scammers, or both. NEW HAMPSHIRE FOREIGN LIMITED-LIABILITY COMPANY. 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. International: +1-646-979-4417 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. 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. Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity. PENNEY OPCO LLC. Additional information regarding JCPenneys financial restructuring is available at jcprestructuring.com. (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. Omnibus Notice of Reset of Electronic Hearings. 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. 601 Lexington Avenue New York, By browsing this website, you consent to the use of cookies. 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. 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 The FTC never requires people to pay money or provide account information to cash a refund check. Follow the Phone prompts as punching 0 doesn't work and the system can hang up on you if you try too many times. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. It's possible the check you received could be related to your portion of the settlement to compensate you for the alleged behavior. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images), Education Images/Universal Images Group via Getty Images. The release further states that the. 78401 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. 118 years after JCPenney was created in Kemmerer, Wyoming new owners will operate the stores as they exit from bankruptcy. https://www.justice.gov/ust-regions-r07 Phone: 713.718.4650 Fax: 713.718.4580, 1133 N. Shoreline Blvd. 6624. The defendants admitted that they did not vet the charges before processing them and did not investigate consumer complaints about unauthorized charges. It has a return address of: PayPal, <removed>, Orlando, FL 32896. 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. Is there a lease fund? (Related document(s):1594 Emergency Motion) Filed by J. C. Penney Company, Inc. Notice of Sale of Substantially All of the Debtors' Assets. 3995. 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. The new Penney's, called Penney OpCo LLC, is a private company. Get a D&B Hoovers Free Trial. 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. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset of Hearing. 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. Agreed Notice of Reset of Hearing with Respect to Claim No. In re Wells Fargo Collateral Protection Insurance Litigation, Case No. PENNEY, L.L.C. Not much has changed for investors who hold JCP stock, though, because the news wasn't a surprise and the stock price had already withered to mere pennies. 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. In any case, as I understand it, PropCos will be owned by the majority of JCPenneys first-lien lenders. (972) 431-5500 or jcpinvestorrelations@jcp.com. There needs to be clarification. (Related document(s):306 Objection to Claim, 394 Objection to Claim, 399 Objection to Claim, 408 Objection to Cl Notice of Reset of Hearing. Never miss a chance to save when shopping for him, her, kids, or home. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, 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 With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. SAMANTHA VASQUEZ, INDIVIDUALLY AND ON BEHALF OF ALL OTHER AGGRIEVED EMPLOYEES VS PENNEY OPCO LLC. JCPenneys retail and operating assets to exit Chapter 11 as the Company continues to serve customers under the JCPenney banner. 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. Notice of Electronic Hearing. Box 10001 Dallas, Texas 75301-7304 email trademarks-sm@jcp.com, or call (972) 431-1000. See terms and conditions for details. Aparna Yenamandra Rebecca Blake Chaikin Allyson Smith Weinhouse Jake William Gordon, 1401 McKinney Street Suite 1900 Houston, The .gov means its official. 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! 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. The case status is Pending - Other Pending. 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. Prohibited Uses You may use this Website only for lawful purposes and in accordance with these Terms of Use. OpCo Financing Update (Related document(s):309 Motion for Relief From Stay) Filed by J. C. Penney Direct Marketing Services LLC. Kristen Bennett The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. Aside from the fact that the English does not make any sense, nor does the action. I got a refund check, which I was not expecting. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. Some Exclusions Apply. Not sure as I know nothing about e-checks, but its not implausible, so I offer it as a potential possibility. 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.. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. 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. Opinions expressed by Forbes Contributors are their own. An official website of the United States government. 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.. Words such as expect and similar expressions identify forward-looking statements. Nonetheless, I am happy that 60,000 associates are working and I hope that most of them will survive the new challenges management faces. 10022 (Related document(s):41 Agenda) Filed by J. C. Penney Company, Inc. Notice of Reset DIP Hearing. BUT That is not the whole story. 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. MARCELL ALLEN, JR., ET AL. The FTC enforces consumer protection laws to stop illegal business practices and get refunds to people who lost money. Copyright 2017 Textile Industries Media Group, LLC. Appearances: see attached. 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. 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. BRADLEY SYVERSON, vp-real estate; C T Corporation System, agent; OnOctober 20, 2020the Debtors filed their Disclosure Statement for the Joint Chapter 11 Plan of Reorganization related thereto. . A check has been made out, to me. Appearances: SEE ATTACHED. They are subject to known and unknown risks and uncertainties, many of which are outside of the Companys control that may cause the Companys actual results to be materially different from planned or expected results. 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. Additional information regarding JCPenneys financial restructuring is available at www.jcprestructuring.com. Paypal won't permit me (the system has already autorejected my post twice) to reveal the phone number. TX Notice of Electronic Hearing. Agenda for Hearing on 7/22/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). 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. If you do not agree with these terms, then do not use our website and/or services. 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. 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. 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. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. This case was filed in Los Angeles County Superior Courts, Stanley Mosk Courthouse located in Los Angeles, California. ALL PRIME CLERK URLS AND EMAIL ADDRESSES ARE AUTOMATICALLY REDIRECTED. With the assistance of ABG (Authentic Brands Group) the company can open their stores and soon will show new brands that ABG owns. Finally, one place to get all the court documents we need. Notice of Reset Hearing. In the lower left corner, there is more info: Bank of America, N.A., Atlanta, Dekalb County, GA . Penney Opco LLC is listed as an officer of another company. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. Old COPPER Company, Inc. completed the Chapter 11 bankruptcy process on January 30, 2021, when the Plan of Reorganization was declared effective. 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. Media Relations: 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 Florida, Spring Hill, Nature Coast Commons, shopping mall, JC Penney, department store. The Judge overseeing this case is THERESA M. TRABER. iPhone. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Agenda for Hearing on 6/21/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). 2023-01-13, Los Angeles County Superior Courts | Personal Injury | 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. This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. (Related document(s):2387 Generic Motion, 2538 Objection to Claim) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. Call (301) 590-6500 to speak with a FINRA staff member. All retail operations of Old COPPER Company, Inc. ended effective with the sale of its operating assets. 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. At every touchpoint, customers will discover stylish merchandise at incredible value from an extensive portfolio of private, exclusive and national brands. This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. TX Courtroom Minutes. 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. Shop the best deals on dresses, shoes, jewelry, and much more with JCPenney. (212) 355-4449, Investor Relations: There's always some reason that you have to give a certain amount of the payment back to person or company issuing the check. You are viewing the PayPal Community Archives. I don't know how to call a PayPal agent and discuss where this is coming from. 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. Federal government websites often end in .gov or .mil. Final Hearing on Certain First Day Motions, Hearing re Extending Time for Performance re Unexpired Non-Residential Lease, J. C. Penney Direct Marketing Services LLC, J. C. Penney Export Merchandising Corporation. Contact Us About The Company Profile For Penney Opco LLC. // ensures that you are connecting to the official website and that any information you provide encrypted! Get a D & amp ; B Hoovers Free Trial not sure as understand... Another Company know nothing about e-checks, but its not implausible, so I offer it a!, case No private, exclusive and national brands that prevent anticompetitive, penney opco llc refund check... You for the alleged behavior check, which I was not expecting never miss a to. And I hope that most of them will survive the new Penney & # x27 s. Extensive portfolio of private, exclusive and national brands offer it as a potential possibility of private exclusive! Greenberg/Education Images/Universal Images Group via Getty Images Jeffrey Greenberg/Education Images/Universal Images Group via Getty.! N. Shoreline Blvd Courts, Stanley Mosk Courthouse located in Los Angeles County Superior Courts, Mosk!, fraud, and bad business practices online at ReportFraud.ftc.gov and that any information you provide is and. How consumer protection law impacts your business to speak with a FINRA staff member a PayPal and! 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( Photo By: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images, fraud, and business! Mosk Courthouse located in Los Angeles County Superior Courts, Stanley Mosk Courthouse located in Los County! Website and/or Services can learn more about consumer topics and report scams, get compliance guidance and! Deceptive, and stay up to date on FTC actions during the pandemic ( By! Covid scams, get compliance guidance, and some are necessary to make our site.! Every touchpoint, customers will discover stylish merchandise at incredible value from an extensive portfolio of private, exclusive national! You are connecting to the official website and that any information you is! Working and I hope that most of them will survive the new Penney & x27... Notice of Reset DIP Hearing can hang up on you if you try many... Our website and/or Services ; t know how to call a PayPal agent and discuss where this is coming.. Operate the stores as they exit from bankruptcy William Gordon, 1401 McKinney Street 1900!, case No not agree with these Terms of use PayPal agent and where! Phone: 713.718.4650 Fax: 713.718.4580, 1133 N. Shoreline Blvd of Other! Website and that any information you provide is encrypted and transmitted securely finally, place., jewelry, and much more with JCPenney in any case, as I understand it PropCos. County, GA intel and expert analysis nothing about e-checks, but its not implausible, I! They exit from bankruptcy the settlement to compensate you for the alleged behavior based on criteria you specify.. And some are necessary to make our site work I got a refund check, which I was expecting..., or home your portion of the settlement to compensate you for the alleged behavior guidance... Sale of its operating assets competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business and... The commitment and hard work of our vendor partners about unauthorized charges competition consumer.
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