Knitting / Apparel Sponsored by OEKO-TEX, Techtextil North America/Texprocess Americas. 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. JCPenney is now poised for a future focused on innovation and consumers, while continuing to navigate through the pandemic. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. ROSA ACEVEDO VS PENNEY OPCO LLC DBA JCPENNEY, ET AL. Agreed Notice of Reset of Hearing with Respect to Claim No. 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. Time Hearing Held: 11:15 AM. I got a refund check, which I was not expecting. Additional information regarding JCPenneys financial restructuring is available at jcprestructuring.com. Public Records Policy. 900, Dallas, TX, 75201-3136, USA Directors / Officers. The common stock (JCPNQ/CPPRQ) is no longer in existence and is not traded or quoted on any market or exchange. 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. By browsing this website, you consent to the use of cookies. All retail operations of Old COPPER Company, Inc. See Details 3.JCPenney To Refund Customers $50M In False Advertising Author: consumerist.com Post date: 4 yesterday Rating: 1 (1093 reviews) Highest rating: 4 Low rated: 2 10001-2057 (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. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. PENNEY OPCO LLC is a business entity in Lewisville, Texas registered with the Secretary of State of Washington State. 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. / Penney Opco LLC; Penney Opco LLC. Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity. International: +1-646-979-4417 An official website of the United States government. 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. 10022 Notice of Reset of Lift Stay Hearing. If its for a reasonably small amount 0-100, for example, I really can't imagine it being a fraudulent check. 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. 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. 6624. 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. 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. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing Time. 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. The Federal Trade Commission works to promote competition and to protect and educate consumers. 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.. 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. 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. 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. Or, perhaps you sold something to someone and they used Paypal to send an e-check? Are they going to sell some of their stores after ythe holiday season? Theresa M. Traber in Department 47 Stanley Mosk Courthouse. (Related document(s):2846 Motion for Relief From Stay) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. 601 Lexington Avenue New York, 2022-11-21, Los Angeles County Superior Courts | Labor | Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. Learn more about your rights as a consumer and how to spot and avoid scams. 3995. When does Propco function? (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images), Education Images/Universal Images Group via Getty Images. (Related document(s):1503 Emergency Motion (with hearing date)) The Court heard from Notice of Reset Hearing. Check Out the Check The check itself may give you clues that it isn't legitimate. 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. Theresa M. Traber in Department 47 Stanley Mosk Courthouse, Los Angeles County Superior Courts | Labor | Is there a lease fund? Appearances: see attached. Email: JCPenneyinfo@primeclerk.com. The Declarations filed at 10, 25 and 39 have been admitted. (972) 431-3400 or jcpnews@jcp.com; Follow us @jcpnews, Meaghan Repko / Jed Repko / Dan Moore 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. (Related document(s):38 Emergency Motion, 108 Order Setting Hearing) Filed by J. C. Penney Company, Inc. Before sharing sensitive information, make sure youre on a federal government site. Never miss a chance to save when shopping for him, her, kids, or home. VS PENNEY OPCO LLC. Get a D&B Hoovers Free Trial. Lewisville, TX 75067-8797. TX 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. 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. The chart below includes recent FTC cases that resulted in refunds. This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. Shop the best deals on dresses, shoes, jewelry, and much more with JCPenney. Agenda for Hearing on 9/8/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). TX The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. 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. 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 Consideration for the PropCo equity transfer consists of a credit bid of DIP and first lien obligations in an unspecified amount. The customers will come through the doors or else buy on-line, which many have done in the first days after Thanksgiving. 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). 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.. Address: 2401 S Stemmons Freeway. All retail operations of Old COPPER Company, Inc. ended effective with the sale of its operating assets. Cashing that unexpected "windfall" may result in losses, reveal your personal financial information to scammers, or both. 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. TX 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. 24 inch square plant saucers, On our website, you consent to the use of cookies to Claim No: //wizestudio.lk/PShzNuoJ/24-inch-square-plant-saucers '' 24. Paypal to send An e-check for Hearing on 9/8/2021 ( filed by J. Penney! 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