Joele Frank Wilkinson Brimmer Katcher (Related document(s):540 Objection to Claim) Filed by J. C. Penney Direct Marketing Services LLC, Notice of Hearing. Case Summary. Agenda for Hearing on 9/8/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). Search the Legal Library instead. Will Continue to Serve Customers under the JCPenney Banner. 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. Kristen Bennett Agenda for Hearing on 7/22/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). 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. (Related document(s):1594 Emergency Motion) Filed by J. C. Penney Company, Inc. Notice of Sale of Substantially All of the Debtors' Assets. However, in the pandemic environment I doubt that there are many takers. Agenda for Hearing on 12/7/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). They are pretty nice and some reps can be more helpful than others. 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. (Related document(s):628 Emergency Motion) Filed by J. C. Penney Direct Marketing Services LLC. Notice of Reset Hearing. 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. Internet Explorer presents a security risk. 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. The common stock (JCPNQ/CPPRQ) is no longer in existence and is not traded or quoted on any market or exchange. This content may be old or outdated. 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. Box 10001 Dallas, Texas 75301-7304 email trademarks-sm@jcp.com, or call (972) 431-1000. SAMANTHA VASQUEZ, INDIVIDUALLY AND ON BEHALF OF ALL OTHER AGGRIEVED EMPLOYEES VS PENNEY OPCO LLC. Time Hearing Held: 1:00 - 3:15 PM. Agenda for Hearing on 7/13/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). 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. 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. ALL PRIME CLERK URLS AND EMAIL ADDRESSES ARE AUTOMATICALLY REDIRECTED. Email: JCPenneyinfo@primeclerk.com. PENNEY OPCO LLC. 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? The Judge overseeing this case is THERESA M. TRABER. TX 3995. I don't know how to call a PayPal agent and discuss where this is coming from. 6624. 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. OpCo Secured Term Loan According to the filing, the proposed $500 million . Create a recurring email based on criteria you specify below. 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. Paypal won't permit me (the system has already autorejected my post twice) to reveal the phone number. 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. You may unsubscribe by clicking the Unsubscribe link at the bottom of the email updates you receive. 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). It has a return address of: PayPal, <removed>, Orlando, FL 32896. Last Wednesday, Simon Property Group (Simon) and Brookfield Capital Partners (Brookfield) were given the green light by the court. Hold Billing Services, Ltd.; Avery Communications, Inc.; Veterans of America Association, Ltd.; et al. TX NY OpCo Financing Update 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. People who receive checks should deposit or cash them within 90 days, as indicated on the check. The release further states that the. The latitude of Roubaix, Hauts-de-France, France is 50.690102, and the longitude is 3.181670.Roubaix, Hauts-de-France, France is located at France country in the Cities place category with the gps coordinates of 50 41' 24.3672'' N and 3 10' 54.0120'' E. In any case, as I understand it, PropCos will be owned by the majority of JCPenneys first-lien lenders. Appearances: SEE ATTACHED. 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. 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". 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. 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. VS PENNEY OPCO LLC. There needs to be clarification. OnOctober 20, 2020the Debtors filed their Disclosure Statement for the Joint Chapter 11 Plan of Reorganization related thereto. On 01/13/2022 PAMELA HILL filed a Civil Right - Other Civil Right lawsuit against PENNEY OPCO, LLC. 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 PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. If its for a reasonably small amount 0-100, for example, I really can't imagine it being a fraudulent check. The name of the bank issuing this check is Synchrony Bank. Federal government websites often end in .gov or .mil. It's probably not. 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. At every touchpoint, customers will discover stylish merchandise at incredible value from an extensive portfolio of private, exclusive and national brands. 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. 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. 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. If you receive a check from FINRA, do not cash itunless you have a current business relationship with FINRA. Check Out the Check The check itself may give you clues that it isn't legitimate. Agenda for Hearing on 1/20/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). (212) 355-4449, Investor Relations: By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, 2022-11-21, Los Angeles County Superior Courts | Labor | That's all I can say since my post is getting flagged for this reason. 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. We work to advance government policies that protect consumers and promote competition. Download apps by Penney OpCo LLC, including JCPenney - Shopping & Coupons. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. Why is this public record being published online? 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. 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. All retail operations of Old COPPER Company, Inc. ended effective with the sale of its operating assets. If you do not agree with these terms, then do not use our website and/or services. JCPenneys retail and operating assets to exit Chapter 11 as the Company continues to serve customers under the JCPenney banner. WRITE REVIEW. http://www.kirkland.com/ Phone: 212.446.4800 Fax: 212.446.4900, Joshua A. Sussberg, P.C. Penney Legal Department at P.O. 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. This was in keeping with the requirement that the new owners Simon and Brookfield, assume ownership before the start of the holiday selling season. Roubaix, Hauts-de-France, France Lat Long Coordinates Info. E10440632020-1. Wells Fargo CPI Class Action Settlement. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. is an Utah Domestic LLC filed on June 26, 1996. Media Relations: Despite that fact, Adobe claims to know that sales went up 22% - all through digital purchases. Not sure as I know nothing about e-checks, but its not implausible, so I offer it as a potential possibility. Those risks and uncertainties include, but are not limited to, risks attendant to the bankruptcy process, including the Companys ability to obtain court approval from the Bankruptcy Court with respect to motions or other requests made to the Bankruptcy Court throughout the course of the Chapter 11 Cases; the ability of the Company to negotiate, develop, confirm and consummate a plan of reorganization; the effects of the Chapter 11 Cases, including increased legal and other professional costs necessary to execute the Companys reorganization, on the Companys liquidity; the effects of the Chapter 11 Cases on the interests of various constituents; the length of time that the Company will operate under Chapter 11 protection; risks associated with third-party motions in the Chapter 11 Cases; Bankruptcy Court rulings in the Chapter 11 Cases and the outcome of the Chapter 11 Cases in general; conditions to which any debtor-in-possession financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside the Companys control; the ability of the parties to the Asset Purchase Agreement to consummate the remaining transactions contemplated therein; and legal and regulatory proceedings. Opinions expressed by Forbes Contributors are their own. My concern that customers do not want to shop in stores due to the strong resurgence of the coronavirus COVID-19, which was borne out by the lack of customers in stores nationally. 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). Amended Agenda for Hearing on 5/4/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). 77010 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. 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 (Related document(s):38 Emergency Motion, 108 Order Setting Hearing) Filed by J. C. Penney Company, Inc. (Related document(s):2387 Generic Motion, 2538 Objection to Claim) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. Courtroom Minutes. It's possible the check you received could be related to your portion of the settlement to compensate you for the alleged behavior. When does Propco function? Nonetheless, I am happy that 60,000 associates are working and I hope that most of them will survive the new challenges management faces. Went up 22 % - all through digital purchases in existence and is not traded or quoted on any or... 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