The release further states that the. 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. It's never as simple as just endorsing the check and putting it into your bank account. 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. With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. Agenda for Hearing on 1/20/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). Agenda for Hearing on 10/4/2022 (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. The name of the bank issuing this check is Synchrony Bank. (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. Not sure as I know nothing about e-checks, but its not implausible, so I offer it as a potential possibility. Check your browser settings or contact your network administrator. 711 Capitol Way S Ste 204, Olympia, WA 98501-1267, granite services po box 1490 gig harbor wa, PROFIT - FOREIGN LIMITED LIABILITY COMPANY, 1340 Goucher St, Pacific Plsds, CA 90272-2621, 1601 Highway 13 E, Burnsville, MN 55337-6865, 25 Omega Dr Ste 150, Williston, VT 05495-7334, 12100 Samsung Blvd, Austin, TX 78754-1903, 2251 Landmark Pl, Manasquan, NJ 08736-1026, 2077 Convention Center Concourse, Atlanta, GA 30337-4201, 4 New Century Pkwy, New Century, KS 66031-1144, 3351 Michelson Dr Ste 100, Irvine, CA 92612, 2401 S Stemmons Fwy, Ste 4000, Lewisville, TX 75067-8797, 711 Capitol Way S Ste 204, Olympia, WA 98501-1267, 711 Capitol Way S, Suite 204, Olympia, WA 98501-1267, 711 Capitol Way S, Ste 204, Olympia, WA 98501-1267, 711 Capitol Way S, Ste. 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). The Unified Business Identifier (UBI) of the entity is #604678634, the entity type is Foreign Limited Liability Company and the business category is Limited Liability Regular. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. 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. Filed by J. C. Penney Direct Marketing Services LLC. (972) 431-5500 or jcpinvestorrelations@jcp.com. E10440632020-1. 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. 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. You are viewing the PayPal Community Archives. / Penney Opco LLC; Penney Opco LLC. Find the resources you need to understand how consumer protection law impacts your business. 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. VS PENNEY OPCO LLC. PENNEY, L.L.C. (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. Copyright 2017 Textile Industries Media Group, LLC. Aparna Yenamandra Rebecca Blake Chaikin Allyson Smith Weinhouse Jake William Gordon, 1401 McKinney Street Suite 1900 Houston, (Related document(s):1503 Emergency Motion (with hearing date)) The Court heard from Notice of Reset Hearing. 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. Case Background. This content may be old or outdated. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. 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. 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. 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. 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. Address: 2401 S Stemmons Freeway. The Company does not undertake to update these forward-looking statements as of any future date. 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. For additional information, please visit jcp.com. See terms and conditions for details. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. 10019 Email: JCPenneyinfo@primeclerk.com. Call (301) 590-6500 to speak with a FINRA staff member. (Related document(s):1594 Emergency Motion) Filed by J. C. Penney Company, Inc. Notice of Sale of Substantially All of the Debtors' Assets. (212) 355-4449, Investor Relations: However, in the pandemic environment I doubt that there are many takers. 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. That would mean there would be fewer properties. Buy items from brands you know . We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. And the best part of all, documents in their CrowdSourced Library are FREE! OpCo acquired assets include substantially all operating assets and all of the real estate assets other than the PropCo assets. Agenda for Hearing on 7/13/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). . 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. Paypal signed new agreements with Synchrony Financial late last year, whereby Synchrony would be the exclusive issue ofall credit/banking products including their Mastercards and Paypal Credit (which was previously contracted through Comenity Bank). Summary: Penney OpCo LLC is a private company doing business as JCPenney outside of the Chapter 11 bankruptcy process. An official website of the United States government. JCPenney is now poised for a future focused on innovation and consumers, while continuing to navigate through the pandemic. Hold Billing Services, Ltd.; Avery Communications, Inc.; Veterans of America Association, Ltd.; et al. 77002 Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. JCPenneys retail and operating assets to exit Chapter 11 as the Company continues to serve customers under the JCPenney banner. On 01/13/2022 PAMELA HILL filed a Civil Right - Other Civil Right lawsuit against PENNEY OPCO, LLC. 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. Courtroom Minutes. 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. The Judge overseeing this case is THERESA M. TRABER. Wells Fargo CPI Class Action Settlement. Public Records Policy. Internet Explorer presents a security risk. (Related document(s):538 Generic Motion) Filed by J. C. Penney Direct Marketing Services LLC. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. NEW HAMPSHIRE FOREIGN LIMITED-LIABILITY COMPANY. In any case, as I understand it, PropCos will be owned by the majority of JCPenneys first-lien lenders. The RSA contemplates agreed-upon terms for a pre-arranged financial restructuring plan (the Plan) that is expected to reduce several billion dollars of indebtedness, provide increased financial flexibility to help navigate through the Coronavirus (COVID-19) pandemic, and better position JCPenney for the long-term. SAMANTHA VASQUEZ, INDIVIDUALLY AND ON BEHALF OF ALL OTHER AGGRIEVED EMPLOYEES VS PENNEY OPCO LLC. 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. Agreed Notice of Reset of Hearing with Respect to Claim No. 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? 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. Courtroom Minutes. Omnibus Notice of Reset of Electronic Hearings. (Related document(s):2387 Generic Motion, 2538 Objection to Claim) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. 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. 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. 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. Consideration for the PropCo equity transfer consists of a credit bid of DIP and first lien obligations in an unspecified amount. The new Penney's, called Penney OpCo LLC, is a private company. With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. A receipt for your jcp.com order could include: 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! Cancellation and Refund Policy, Privacy Policy, and 3995. All retail operations of Old COPPER Company, Inc. ended effective with the sale of its operating assets. This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. The FTC never requires people to pay money or provide account information to cash a refund check. With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. That's a red flag. 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.. Shop the best deals on dresses, shoes, jewelry, and much more with JCPenney. At every touchpoint, customers will discover stylish merchandise at incredible value from an extensive portfolio of private, exclusive and national brands. 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. Contact Us About The Company Profile For Penney Opco LLC. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. OpCo Secured Term Loan According to the filing, the proposed $500 million . 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 Court has appro Notice of Hearing. Search the Legal Library instead. Check out these reports. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images), Education Images/Universal Images Group via Getty Images. Knitting / Apparel Sponsored by OEKO-TEX, Techtextil North America/Texprocess Americas. 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 . 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. (Related document(s):309 Motion for Relief From Stay) Filed by J. C. Penney Direct Marketing Services LLC. Penney Opco LLC is listed as an officer of another company. 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. Opinions expressed by Forbes Contributors are their own. Christopher J. Marcus, P.C. All suggestions are based on my education, experience, and interactions in matters of finance over the years. WRITE REVIEW. Joele Frank Wilkinson Brimmer Katcher 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. When does Propco function? Case Summary. 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. Or is there a kitty that holds all lease payments due from now on? 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. If you do not agree with these terms, then do not use our website and/or services. Some Exclusions Apply. 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. 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 business as JCPenney outside of the Chapter 11 bankruptcy process. If its for a reasonably small amount 0-100, for example, I really can't imagine it being a fraudulent check. (Related document(s):528 Objection to Claim) Filed by J. C. Penney Direct Marketing Services L Notice of Electronic Hearing. I got a refund check, which I was not expecting. Need info on your own credit report? Refunds will be issued on the original form of payment or JCPenney Gift Card. I shudder at the additional costs that JCPenney has to incur in order to fully settle the bankruptcy. iPhone. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. 2022-11-17. Other than that, the only 2 other possibilities I can think of would be the following: In or around 2015, Paypal resolved lawsuits and US CFPB investigations into their Paypal Credit product by arriving at an agreed settlement amount. 10022 (Related document(s):41 Agenda) Filed by J. C. Penney Company, Inc. Notice of Reset DIP Hearing. (Related document(s):2732 Generic Motion, 3025 Objection) Filed by OpCo Purchaser. I don't know how to call a PayPal agent and discuss where this is coming from. Is there a lease fund? Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. Additional information regarding JCPenneys financial restructuring is available at jcprestructuring.com. If you'd like to know more about how the refund program works, visit this page about the FTC's process. Appearances: SEE ATTACHED. Theresa M. Traber in Department 47 Stanley Mosk Courthouse. The case status is Pending - Other Pending. The FTC never requires people to pay money or provide account information to cash a refund check. 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. The FTC enforces consumer protection laws to stop illegal business practices and get refunds to people who lost money. PENNEY, L.L.C. Prohibited Uses You may use this Website only for lawful purposes and in accordance with these Terms of Use.

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