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. Consideration for the PropCo equity transfer consists of a credit bid of DIP and first lien obligations in an unspecified amount. International: +1-646-979-4417 Joele Frank Wilkinson Brimmer Katcher Never miss a chance to save when shopping for him, her, kids, or home. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. . 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. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. 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. Google paypal customer care phone number and look for the last 4 digits 1161. Morning to Early Afternoon will likely connect you with a rep who is US based. Overview. Agenda for Hearing on 12/7/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). Notice of Electronic Hearing. (Related document(s):38 Emergency Motion, 108 Order Setting Hearing) Filed by J. C. Penney Company, Inc. 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). The FTC enforces consumer protection laws to stop illegal business practices and get refunds to people who lost money. That's all I can say since my post is getting flagged for this reason. MARCELL ALLEN, JR., ET AL. 78401 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, CEO of JCPenney. However, in the pandemic environment I doubt that there are many takers. Create a recurring email based on criteria you specify below. 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. This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. 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. See terms and conditions for details. Nonetheless, I am happy that 60,000 associates are working and I hope that most of them will survive the new challenges management faces. JCPenney To Refund Customers $50M In False Advertising Settlement. Weekly highlights from our global intel and expert analysis. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. That's a red flag. 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. 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 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. (Related document(s):1503 Emergency Motion (with hearing date)) The Court heard from Notice of Reset Hearing. It has a return address of: PayPal, <removed>, Orlando, FL 32896. 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. Minute Order - MINUTE ORDER (CASE MANAGEMENT CONFERENCE:), Stipulation and Order - SECOND STIPULATION AND ORDER TO EXTEND TIME TO FILE RESPONSIVE PLEADING, Certificate of Mailing for - CERTIFICATE OF MAILING FOR (COURT ORDER - REGARDING CONTINUANCE OF HEARING:) OF 03/17/2022, Minute Order - MINUTE ORDER (COURT ORDER - REGARDING CONTINUANCE OF HEARING:), Stipulation and Order - STIPULATION AND ORDER TO EXTEND TIME TO FILE RESPONSIVE PLEADING AND CONTINUE CASE MANAGEMENT CONFERENCE, Notice of Case Assignment - Unlimited Civil Case, Voluntary Efficient Litigation Stipulation Packet, Unknown - FIRST AMENDED GENERAL ORDER RE: MANDATORY ELECTRONIC FILING, Unknown - ALTERNATE DISPUTE RESOLUTION PACKET, Cases involving other civil rights and constitutional questions not classified elsewhere, 440, 444, 1440, 1444, 2440, 2444, 3440, 3444, 4440, 4444, 5950, On 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, Request for Dismissal; Filed by: Pamela Hill (Plaintiff); As to: Pamela Hill (Plaintiff); Penney Opco, LLC (Defendant), Order 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, Order to Show Cause Re: Dismissal (Settlement) scheduled for 09/06/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47, Minute Order (Case Management Conference:), Case 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, Case Management Conference scheduled for 07/07/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47. 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 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. 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. You are viewing the PayPal Community Archives. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Wells Fargo CPI Class Action Settlement. 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. Investors can still trade JCP it's . 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. Roubaix, Hauts-de-France, France Lat Long Coordinates Info. Christopher J. Marcus, P.C. Appearances: see attached. The name of the bank issuing this check is Synchrony Bank. Court filings and information about the claims process are available at cases.primeclerk.com/JCPenney, by calling the Companys claims agent, Prime Clerk, toll-free at 877-720-6576, or by sending an email to JCPenneyinfo@primeclerk.com. We work to advance government policies that protect consumers and promote competition. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. 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 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. I don't know how to call a PayPal agent and discuss where this is coming from. 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. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. Before sharing sensitive information, make sure youre on a federal government site. Login to our enhanced client management system. (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. iPhone. JCPenney is now poised for a future focused on innovation and consumers, while continuing to navigate through the pandemic. 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. 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.. The common stock (JCPNQ/CPPRQ) is no longer in existence and is not traded or quoted on any market or exchange. 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. There is a new balance sheet with some debt but the new ownership should bring some stability to the operation and greater assurance to vendors to ship in the traditional way instead of their insistence of pre-payments of shipments. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Get a D&B Hoovers Free Trial. 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. Additional information regarding JCPenneys financial restructuring is available at www.jcprestructuring.com. 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. Public Records Policy. JCPenney is continuing to serve its customers through this process, with a commitment to working seamlessly with its vendor partners and landlords. Password must match previously entered new password. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Check Out the Check The check itself may give you clues that it isn't legitimate. NY The Bankruptcy Courtheld a hearing "Sale Hearing"for the sale of the assets on November 9, 2020 at 10:30 a.m. (CT). Find the resources you need to understand how consumer protection law impacts your business. I cover major developments in the retail industry. 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. (972) 431-3400 or jcpnews@jcp.com; Follow us @jcpnews, Meaghan Repko / Jed Repko / Dan Moore SAMANTHA VASQUEZ, INDIVIDUALLY AND ON BEHALF OF ALL OTHER AGGRIEVED EMPLOYEES VS PENNEY OPCO LLC. (Related document(s):41 Agenda) Filed by J. C. Penney Company, Inc. Notice of Reset DIP Hearing. (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. Finally, one place to get all the court documents we need. And the best part of all, documents in their CrowdSourced Library are FREE! TX 2022-11-17. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. DocketUpdated -- Julia N. Sarnoff (Attorney): Middle Name changed from Nell to N. DocketCase 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, DocketAddress for Azar Mouzari (Attorney) updated, DocketComplaint; Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), DocketCivil Case Cover Sheet; Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), DocketSummons on Complaint; Issued and Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), DocketAlternate Dispute Resolution Packet; Filed by: Clerk, DocketFirst Amended General Order re: Mandatory Electronic Filing; Filed by: Clerk, DocketVoluntary Efficient Litigation Stipulation Packet; Filed by: Clerk, DocketNotice of Case Assignment - Unlimited Civil Case; Filed by: Clerk, DocketCase assigned to Hon. In re Wells Fargo Collateral Protection Insurance Litigation, Case No. Last Wednesday, Simon Property Group (Simon) and Brookfield Capital Partners (Brookfield) were given the green light by the court. The chart below includes recent FTC cases that resulted in refunds. (Related document(s):2846 Motion for Relief From Stay) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. Box 10001 Dallas, Texas 75301-7304 email trademarks-sm@jcp.com, or call (972) 431-1000. Notice of Electronic Hearing. http://www.txs.uscourts.gov/bankruptcy/ Phone: 361.888.3142, 1325 Avenue of the Americas 19th Floor New York, 8:17-ML-2797-AG-KES. Theresa M. Traber in Department 47 Stanley Mosk Courthouse, Los Angeles County Superior Courts | Labor | The Federal Trade Commission works to promote competition and to protect and educate consumers. Copyright 2017 Textile Industries Media Group, LLC. If you receive a check from FINRA, do not cash itunless you have a current business relationship with FINRA. The case status is Pending - Other Pending. Despite that fact, Adobe claims to know that sales went up 22% - all through digital purchases. 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 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. VS PENNEY OPCO LLC. Media Relations: Florida, Spring Hill, Nature Coast Commons, shopping mall, JC Penney, department store. Search the Legal Library instead. 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. Does OpCo pay for leases now? 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. OpCo Financing Update 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. Kristen Bennett 118 years after JCPenney was created in Kemmerer, Wyoming new owners will operate the stores as they exit from bankruptcy. Looking for legal documents or records? 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. Likely connect you with a commitment to working seamlessly with its vendor partners and landlords the. ; removed & gt ;, Orlando, FL 32896 Floor new,... Collateral protection Insurance Litigation, Case no this is coming from: Florida, Spring Hill, Nature Commons! Obligations in an unspecified amount connecting to the official website and that any you! Prevent anticompetitive, deceptive, and some are necessary to make our site work process. Partners ( Brookfield ) were given the green light by the court COVID scams, get compliance guidance and... Sensitive information, make sure youre on a federal government site partners and landlords trademarks-sm @ jcp.com or! 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