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. The old Penney's, now called Old Copper Company, will continue to own the real estate. The Bankruptcy Courtheld a hearing "Confirmation Hearing" onthe Approval of the Disclosure Statement on November 24, 2020 at 9:00 a.m. (CT). Florida, Spring Hill, Nature Coast Commons, shopping mall, JC Penney, department store. 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. 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. 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. Buy items from brands you know . I cover major developments in the retail industry. ROSA ACEVEDO VS PENNEY OPCO LLC DBA JCPENNEY, ET AL. Amended Agenda for Hearing on 5/4/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). Knitting / Apparel Sponsored by OEKO-TEX, Techtextil North America/Texprocess Americas. 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. (972) 431-5500 or
[email protected]. Suite 4000. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. The new Penney's, called Penney OpCo LLC, is a private company. 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. Nonetheless, I am happy that 60,000 associates are working and I hope that most of them will survive the new challenges management faces. Copyright 2017 Textile Industries Media Group, LLC. 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. Federal government websites often end in .gov or .mil. 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. is an Utah Domestic LLC filed on June 26, 1996. Summary: Penney OpCo LLC is a private company doing business as JCPenney outside of the Chapter 11 bankruptcy process. NY Shop the best deals on dresses, shoes, jewelry, and much more with JCPenney. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. OpCo Financing Update 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. Need info on your own credit report? TX 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. Case Background. SAMANTHA VASQUEZ, INDIVIDUALLY AND ON BEHALF OF ALL OTHER AGGRIEVED EMPLOYEES VS PENNEY OPCO LLC. iPhone. To my simple mind, the whole transition should have been completed in one swoop. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Penney Legal Department at P.O. At every touchpoint, customers will discover stylish merchandise at incredible value from an extensive portfolio of private, exclusive and national brands. People who receive checks should deposit or cash them within 90 days, as indicated on the check. 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). 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 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. Download apps by Penney OpCo LLC, including JCPenney - Shopping & Coupons. This was in keeping with the requirement that the new owners Simon and Brookfield, assume ownership before the start of the holiday selling season. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images), Education Images/Universal Images Group via Getty Images. 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. That is great. (Related document(s):791 Objection to Claim) Filed by J. C. Penney Direct Marketing Services LLC. Check out these reports. (Related document(s):309 Motion for Relief From Stay) Filed by J. C. Penney Direct Marketing Services LLC. If you have questions concerning the legal notices stated above, you may contact our Designated Agent/J.C. Investors can still trade JCP it's . Morning to Early Afternoon will likely connect you with a rep who is US based. 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". Google paypal customer care phone number and look for the last 4 digits 1161. The FTC never requires people to pay money or provide account information to cash a refund check. (Related document(s):38 Emergency Motion, 108 Order Setting Hearing) Filed by J. C. Penney Company, Inc. Does OpCo pay for leases now? UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. The Company does not undertake to update these forward-looking statements as of any future date. Additional information regarding JCPenneys financial restructuring is available at jcprestructuring.com. 78401 All retail operations of Old COPPER Company, Inc. ended effective with the sale of its operating assets. 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. . It includes Penney's retail operations. 2022-11-17. A receipt for your jcp.com order could include: Find the resources you need to understand how consumer protection law impacts your business. 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. 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. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. Doing Business As: JC Penney. It's probably not. Is there a lease fund? PENNEY, L.L.C. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. That's all I can say since my post is getting flagged for this reason. Agenda for Hearing on 7/13/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. Core properties: 160 fee-owned and ground leased real properties comprising 33 Tier 1 properties, 84 Tier 2 properties, 20 Tier 3 properties and 23 Tier 4 properties; Landlord option properties: Landlord will have option to remove these properties; Tenant option properties: Tenant will have option to remove these properties; and. Penney Opco LLC is listed as an officer of another company. This case was filed in Los Angeles County Superior Courts, Stanley Mosk Courthouse located in Los Angeles, California. . (212) 355-4449, Investor Relations: It has a return address of: PayPal, <removed>, Orlando, FL 32896. (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. 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. 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 refunds stem from money the FTC collected from a group of defendants who admitted that they violated a 1999 FTC settlement order that prohibited them from unauthorized billing. 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.. 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. Box 10001 Dallas, Texas 75301-7304 email
[email protected], or call (972) 431-1000. 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. 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! 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. 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. / Penney Opco LLC; Penney Opco LLC. Opinions expressed by Forbes Contributors are their own. The company's filing status is listed as Expired and its File Number is 2026106-0160. 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. Overview. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing. https://www.coleschotz.com/ Phone: 212.752.8000 Fax: 212.752.8393, Sarah Carnes Shelby Nace, 55 Hudson Yards New York, 77010 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. All suggestions are based on my education, experience, and interactions in matters of finance over the years. E10440632020-1. 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. The FTC never requires people to pay money or provide account information to cash a refund check. For additional information, please visit jcp.com. 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. Words such as expect and similar expressions identify forward-looking statements. The case status is Pending - Other Pending. Create a recurring email based on criteria you specify below. Corpus Christi, Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. 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. The .gov means its official. Additional information regarding JCPenneys financial restructuring is available at www.jcprestructuring.com. Or . 1999-2023 PayPal, Inc. All rights reserved. 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. Internet Explorer presents a security risk. 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. Password must match previously entered new password. 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. Get a D&B Hoovers Free Trial. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. (Related document(s):1503 Emergency Motion (with hearing date)) The Court heard from Notice of Reset Hearing. Agenda for Hearing on 10/4/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset of Hearing. TX We work to advance government policies that protect consumers and promote competition. 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? Prohibited Uses You may use this Website only for lawful purposes and in accordance with these Terms of Use. http://www.kirkland.com/ Phone: 212.446.4800 Fax: 212.446.4900, Joshua A. Sussberg, P.C. Login to our enhanced client management system. The common stock (JCPNQ/CPPRQ) is no longer in existence and is not traded or quoted on any market or exchange. See terms and conditions for details. International: +1-646-979-4417 Kristen Bennett 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. Before sharing sensitive information, make sure youre on a federal government site. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. VS PENNEY OPCO LLC. Wells Fargo CPI Class Action Settlement. 601 Lexington Avenue New York, The Bankruptcy Courtheld a hearing "Sale Hearing"for the sale of the assets on November 9, 2020 at 10:30 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. 118 years after JCPenney was created in Kemmerer, Wyoming new owners will operate the stores as they exit from bankruptcy. The Court has appro Notice of Hearing. Public Records Policy. Some Exclusions Apply. Aparna Yenamandra Rebecca Blake Chaikin Allyson Smith Weinhouse Jake William Gordon, 1401 McKinney Street Suite 1900 Houston, Cashing that unexpected "windfall" may result in losses, reveal your personal financial information to scammers, or both. You may unsubscribe by clicking the Unsubscribe link at the bottom of the email updates you receive. You are viewing the PayPal Community Archives. Motion for Relief from Stay ) Filed by J. C. Penney Direct Marketing Services ). To make our site work every touchpoint, customers will discover stylish merchandise incredible! Undertake to update these forward-looking statements as of any future date Dan Platt, CEO pathlight... 118 years after JCPenney was created in Kemmerer, Wyoming new owners will operate the as. Exclusive and national brands for the FTC never requires people to pay money or provide account information to a... Them will survive the new Penney & # x27 ; s a flag... 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