JCPenney is now poised for a future focused on innovation and consumers, while continuing to navigate through the pandemic. Prohibited Uses You may use this Website only for lawful purposes and in accordance with these Terms of Use. Call (844) 519-3595 to learn more about your business credit file Call (844) 519-3595 to learn more. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. 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. You are viewing the PayPal Community Archives. 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. Forward-looking statements are based only on the Companys current assumptions and views of future events and financial performance. 1999-2023 PayPal, Inc. All rights reserved. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. The FTC never requires people to pay money or provide account information to cash a refund check. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. NEW HAMPSHIRE FOREIGN LIMITED-LIABILITY COMPANY. Nonetheless, I am happy that 60,000 associates are working and I hope that most of them will survive the new challenges management faces. 8:17-ML-2797-AG-KES. With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. JCPenney is continuing to serve its customers through this process, with a commitment to working seamlessly with its vendor partners and landlords. 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. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. 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. 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. Need info on your own credit report? 10001-2057 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. 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. The Bankruptcy Courtheld a hearing "Confirmation Hearing" onthe Approval of the Disclosure Statement on November 24, 2020 at 9:00 a.m. (CT). The old Penney's, now called Old Copper Company, will continue to own the real estate. Wells Fargo CPI Class Action Settlement. The .gov means its official. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. Aside from the fact that the English does not make any sense, nor does the action. 11.11.15 9:53 AM EDT By Ashlee Kieler @akieler. 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. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Is there a lease fund? 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). Time Hearing Held: 11:15 AM. 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 FTC never requires people to pay money or provide account information to cash a refund check. 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. You may unsubscribe by clicking the Unsubscribe link at the bottom of the email updates you receive. Kristen Bennett 10022 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. Old COPPER Company, Inc. completed the Chapter 11 bankruptcy process on January 30, 2021, when the Plan of Reorganization was declared effective. Federal government websites often end in .gov or .mil. Theresa M. Traber in Department 47 Stanley Mosk Courthouse, Los Angeles County Superior Courts | Labor | 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.. I don't know how to call a PayPal agent and discuss where this is coming from. ALL PRIME CLERK URLS AND EMAIL ADDRESSES ARE AUTOMATICALLY REDIRECTED. Cautionary Statement Regarding Forward-Looking Information. In the lower left corner, there is more info: Bank of America, N.A., Atlanta, Dekalb County, GA . By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, It has a return address of: PayPal, <removed>, Orlando, FL 32896. 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! This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. NY (Related document(s):1503 Emergency Motion (with hearing date)) The Court heard from Notice of Reset Hearing. With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. Never miss a chance to save when shopping for him, her, kids, or home. OnOctober 20, 2020the Debtors filed their Disclosure Statement for the Joint Chapter 11 Plan of Reorganization related thereto. Roubaix, Hauts-de-France, France Lat Long Coordinates Info. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing Time. 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. 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. Joele Frank Wilkinson Brimmer Katcher Learn more about your rights as a consumer and how to spot and avoid scams. The Company does not undertake to update these forward-looking statements as of any future date. Agenda for Hearing on 10/4/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). Internet Explorer presents a security risk. Florida, Spring Hill, Nature Coast Commons, shopping mall, JC Penney, department store. 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. The Registered Agent on file for this company is John Maximilian Von App and is located at 2870 E 3300 S Salt Lake City 84109 po Box 520246, Salt Lake City, UT 84152. It's probably not. Refunds will be issued on the original form of payment or JCPenney Gift Card. E10440632020-1. Box 10001 Dallas, Texas 75301-7304 email trademarks-sm@jcp.com, or call (972) 431-1000. Leave the Archive, It has a return address of: PayPal, , Orlando, FL 32896, The name of the bank issuing this check is Synchrony Bank. JCPenney, one of the nations largest apparel and home retailers, combines an expansive footprint of stores across the United States and Puerto Rico with a powerful eCommerce site, jcp.com, to deliver style and value for all hard-working American families. Buy items from brands you know . The FTC will be sending 86,752 checks averaging about $56 each. The Judge overseeing this case is THERESA M. TRABER. (212) 355-4449, Investor Relations: Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing. All retail operations of Old COPPER Company, Inc. ended effective with the sale of its operating assets. / Penney Opco LLC; Penney Opco LLC. Additional information regarding JCPenneys financial restructuring is available at jcprestructuring.com. Some Exclusions Apply. 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. 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. 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. . It includes Penney's retail operations. Christopher J. Marcus, P.C. TX 6624. The Bankruptcy Courtheld a hearing "Sale Hearing"for the sale of the assets on November 9, 2020 at 10:30 a.m. (CT). Download apps by Penney OpCo LLC, including JCPenney - Shopping & Coupons. Corpus Christi, Omnibus Notice of Reset of Electronic Hearings. The RSA contemplates agreed-upon terms for a pre-arranged . 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. 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. Amended Agenda for Hearing on 5/4/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). (Related document(s):1594 Emergency Motion) Filed by J. C. Penney Company, Inc. Notice of Sale of Substantially All of the Debtors' Assets. The chart below includes recent FTC cases that resulted in refunds. 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. TX Find legal resources and guidance to understand your business responsibilities and comply with the law. 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. J.C. Penney disclosed that on Sept. 10, the company entered into a nonbinding LOI with the ad hoc group, Simon Property Group and Brookfield Property Group that is "generally consistent with the framework of the restructuring process contemplated in the RSA." . The customers will come through the doors or else buy on-line, which many have done in the first days after Thanksgiving. Penney Legal Department at P.O. Appearances: SEE ATTACHED. Suite 4000. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. An official website of the United States government. A check has been made out, to me. With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. 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