(Related document(s):2387 Generic Motion, 2538 Objection to Claim) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. Objection to Claim Number by Claimant The Wind-Down Debtors' Fifty-Eighth Omnibus Objection to Certain Proofs of Claim (Duplicate Claims) Hearing scheduled for Notice of Reset of Hearing. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Aparna Yenamandra Rebecca Blake Chaikin Allyson Smith Weinhouse Jake William Gordon, 1401 McKinney Street Suite 1900 Houston, 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. 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). 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. PENNEY, L.L.C. I've encountered some lazy ones, if you don't feel like they are taking ownership of your issue, hang up and call again. / Penney Opco LLC; Penney Opco LLC. To implement the Plan, the Companyfiled voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, Texas (the Court). Notice of Reset of Lift Stay Hearing. Forward-looking statements are based only on the Companys current assumptions and views of future events and financial performance. The RSA contemplates agreed-upon terms for a pre-arranged . 8:17-ML-2797-AG-KES. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. iPhone. 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. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. 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. Google paypal customer care phone number and look for the last 4 digits 1161. Lewisville, TX 75067-8797. Get a D&B Hoovers Free Trial. 77010 (Related document(s):1503 Emergency Motion (with hearing date)) The Court heard from Notice of Reset Hearing. 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. WRITE REVIEW. People who receive checks should deposit or cash them within 90 days, as indicated on the check. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. Will Continue to Serve Customers under the JCPenney Banner. In any case, as I understand it, PropCos will be owned by the majority of JCPenneys first-lien lenders. I cover major developments in the retail industry. Click on "Submit a Claim" above to download a proof of claim form and for more information regarding filing a claim against the Debtors. Courtroom Minutes. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. Looking for legal documents or records? 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 NY Theresa M. Traber in Department 47 Stanley Mosk Courthouse. NEW HAMPSHIRE FOREIGN LIMITED-LIABILITY COMPANY. (Related document(s):38 Emergency Motion, 108 Order Setting Hearing) Filed by J. C. Penney Company, Inc. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. Consideration for the PropCo equity transfer consists of a credit bid of DIP and first lien obligations in an unspecified amount. You can learn more about consumer topics and report scams, fraud, and bad business practices online at ReportFraud.ftc.gov. Internet Explorer presents a security risk. BUT That is not the whole story. All suggestions are based on my education, experience, and interactions in matters of finance over the years. 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. 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. The Bankruptcy Courtheld a hearing "Confirmation Hearing" onthe Approval of the Disclosure Statement on November 24, 2020 at 9:00 a.m. (CT). Shop the best deals on dresses, shoes, jewelry, and much more with JCPenney. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. 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. The information shared above about the question, TOP 10 why did i get a penney opco llc refund check BEST and NEWEST, TOP 8 why did i get a paypal security code text BEST and NEWEST, TOP 9 why did i get a one-time payment from social security BEST and NEWEST, TOP 9 why did i get a notice 1450 from the irs BEST and NEWEST, TOP 10 why did i get a new ebt card BEST and NEWEST, TOP 9 why did i get a letter from the rawlings company BEST and NEWEST, TOP 9 why did i get a find my iphone alert BEST and NEWEST, TOP 9 why did i get a fever out of nowhere BEST and NEWEST. 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. The Judge overseeing this case is THERESA M. TRABER. Why is this public record being published online? Following Court approval, this financing, combined with cash flow generated by the Companys ongoing operations, is expected to be sufficient to meet JCPenneys operational and restructuring needs. The new Penney's, called Penney OpCo LLC, is a private company. 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 Check Out the Check The check itself may give you clues that it isn't legitimate. ROSA ACEVEDO VS PENNEY OPCO LLC DBA JCPENNEY, ET AL. Public Records Policy. (Related document(s):628 Emergency Motion) Filed by J. C. Penney Direct Marketing Services LLC. Christopher J. Marcus, P.C. Pursuant to the Plan of Reorganization, the common stock of Old COPPER Company, Inc. (f/k/a J. C. Penney Company, Inc.) was cancelled on the Effective Date. 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. Find legal resources and guidance to understand your business responsibilities and comply with the law. The FTC enforces consumer protection laws to stop illegal business practices and get refunds to people who lost money. Overview. 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. That is great. It's probably not. 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. Create a recurring email based on criteria you specify below. With the assistance of ABG (Authentic Brands Group) the company can open their stores and soon will show new brands that ABG owns. Never miss a chance to save when shopping for him, her, kids, or home. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Agenda for Hearing on 1/20/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. We work to advance government policies that protect consumers and promote competition. The .gov means its official. 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. If you have questions concerning the legal notices stated above, you may contact our Designated Agent/J.C. There needs to be clarification. 2022-11-17. Case Summary. TX 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. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. The FTC never requires people to pay money or provide account information to cash a refund check. 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. 10019 Any amount due and not paid as a result of the above, will be carried forward as a secured claim with a junior lien on collateral until the unpaid amount is paid in its entirety with no expiration. Buy items from brands you know . Words such as expect and similar expressions identify forward-looking statements. Or is there a kitty that holds all lease payments due from now on? That would mean there would be fewer properties. 77002 Agreed Notice of Reset of Hearing with Respect to Claim No. 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. I'm not sure what the process was to submit a claim if you were impacted by Paypal's alleged behavior regarding the credit product, perhaps there was a claim's administrator, I don't know. . The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. 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. 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? Federal government websites often end in .gov or .mil. 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 OpCo will enter into master leases with the PropCos and JCPenney will continue to operate the properties and distribution centers moved into the PropCos. 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. Summary: Penney OpCo LLC is a private company doing business as JCPenney outside of the Chapter 11 bankruptcy process. This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. This case was filed in Los Angeles County Superior Courts, Stanley Mosk Courthouse located in Los Angeles, California. Box 10001 Dallas, Texas 75301-7304 email trademarks-sm@jcp.com, or call (972) 431-1000. Time Hearing Held: 1:00 - 3:15 PM. 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. With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. Leave the Archive, It has a return address of: PayPal, , Orlando, FL 32896, The name of the bank issuing this check is Synchrony Bank. https://www.coleschotz.com/ Phone: 212.752.8000 Fax: 212.752.8393, Sarah Carnes Shelby Nace, 55 Hudson Yards New York, (Related document(s):2846 Motion for Relief From Stay) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. (Related document(s):309 Motion for Relief From Stay) Filed by J. C. Penney Direct Marketing Services LLC. (Related document(s):791 Objection to Claim) Filed by J. C. 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