(Related document(s):538 Generic Motion) Filed by J. C. Penney Direct Marketing Services LLC. The FTC never requires people to pay money or provide account information to cash a refund check. PENNEY OPCO LLC is a business entity in Lewisville, Texas registered with the Secretary of State of Washington State. 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. (Related document(s):2596 Objection to Claim, 2597 Objection to Claim, 2598 Objection to Claim, 2599 Objection to Claim, 2600 Objection Notice of Reset of Hearing. You can learn more about consumer topics and report scams, fraud, and bad business practices online at ReportFraud.ftc.gov. 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! 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. Copyright 2017 Textile Industries Media Group, LLC. 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. E10440632020-1. 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. JCPenney's Retail and Operating Assets to Exit Chapter 11, JCPenney Restructuring Plan to Create PropCos Confirmed by Court, JCPenney Receives Court Approval for Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders, JCPenney Signs Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders, Charting Course for the Future, JCPenney Files Draft Asset Purchase Agreement, JCPenney Reaches Agreement in Principle with Brookfield Property Group and Simon Property Group to Acquire Retail and Operating Assets, JCPenney Announces Organizational Restructuring, Store Closing Sales are Now Underway at Select JCPenney Stores, JCPenney Provides Update on Store Optimization Strategy, JCPenney Receives Court Authorization to Access Debtor-In-Possession Financing, JCPenney Receives Court Approval of First Day Motions to Support Business Operations, JCPenney to Reduce Debt and Strengthen Financial Position Through Restructuring Support Agreement, Court filings and information about the claims process are available at http://cases.primeclerk.com/JCPenney, Toll-free: 877-720-6576 I don't know how to call a PayPal agent and discuss where this is coming from. 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. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. 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.
With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. Or, perhaps you sold something to someone and they used Paypal to send an e-check? You may unsubscribe by clicking the Unsubscribe link at the bottom of the email updates you receive. Penney Legal Department at P.O. This content may be old or outdated. 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. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. 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. OpCo acquired assets include substantially all operating assets and all of the real estate assets other than the PropCo assets. MARCELL ALLEN, JR., ET AL. Never miss a chance to save when shopping for him, her, kids, or home. 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 customers will come through the doors or else buy on-line, which many have done in the first days after Thanksgiving. Agenda for Hearing on 6/21/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). 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). 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. Not sure as I know nothing about e-checks, but its not implausible, so I offer it as a potential possibility. The name of the bank issuing this check is Synchrony Bank. 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. http://www.jw.com/ Phone: 713.752.4200 Fax: 713.752.4221, Matthew D. Cavenaugh Jennifer F. Wertz Kristhy M. Peguero Veronica A. Polnick, 515 Rusk St, Ste 3516 Houston,
/ Penney Opco LLC; Penney Opco LLC. 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. 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. Federal government websites often end in .gov or .mil. Check out these reports. 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, Chief Executive Officer and President of Simon Property Group. https://www.coleschotz.com/ Phone: 212.752.8000 Fax: 212.752.8393, Sarah Carnes Shelby Nace, 55 Hudson Yards New York,
Words such as expect and similar expressions identify forward-looking statements. There's always some reason that you have to give a certain amount of the payment back to person or company issuing the check. (Related document(s):2387 Generic Motion, 2538 Objection to Claim) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. BRADLEY SYVERSON, vp-real estate; C T Corporation System, agent; Appearances: SEE ATTACHED. Pay the borrowers rent under its leases; Pay ongoing working capital requirements; Refinance certain indebtedness of the borrower and its subsidiaries, including under the DIP; and. 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. WRITE REVIEW. Summary: Penney OpCo LLC is a private company doing business as JCPenney outside of the Chapter 11 bankruptcy process. The chart below includes recent FTC cases that resulted in refunds. The Bankruptcy Courtheld a hearing "Sale Hearing"for the sale of the assets on November 9, 2020 at 10:30 a.m. (CT). Agenda for Hearing on 7/22/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). A receipt for your jcp.com order could include: When does Propco function? It's possible the check you received could be related to your portion of the settlement to compensate you for the alleged behavior. Contact Information 2401 S Stemmons Fwy STE 4000 Lewisville, TX 75067-8797 Get Directions Visit Website Email this Business (972) 431-1000 Average of 179 Customer Reviews Start a Review Customer. All suggestions are based on my education, experience, and interactions in matters of finance over the years. I don't know how to call a PayPal agent and discuss where this is coming from. iPhone. 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. 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. 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. 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.. 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. At every touchpoint, customers will discover stylish merchandise at incredible value from an extensive portfolio of private, exclusive and national brands. NY
Minute Order - MINUTE ORDER (CASE MANAGEMENT CONFERENCE:), Stipulation and Order - SECOND STIPULATION AND ORDER TO EXTEND TIME TO FILE RESPONSIVE PLEADING, Certificate of Mailing for - CERTIFICATE OF MAILING FOR (COURT ORDER - REGARDING CONTINUANCE OF HEARING:) OF 03/17/2022, Minute Order - MINUTE ORDER (COURT ORDER - REGARDING CONTINUANCE OF HEARING:), Stipulation and Order - STIPULATION AND ORDER TO EXTEND TIME TO FILE RESPONSIVE PLEADING AND CONTINUE CASE MANAGEMENT CONFERENCE, Notice of Case Assignment - Unlimited Civil Case, Voluntary Efficient Litigation Stipulation Packet, Unknown - FIRST AMENDED GENERAL ORDER RE: MANDATORY ELECTRONIC FILING, Unknown - ALTERNATE DISPUTE RESOLUTION PACKET, Cases involving other civil rights and constitutional questions not classified elsewhere, 440, 444, 1440, 1444, 2440, 2444, 3440, 3444, 4440, 4444, 5950, On the Complaint filed by Pamela Hill on 01/13/2022, entered Request for Dismissal with prejudice filed by Pamela Hill as to the entire action, Request for Dismissal; Filed by: Pamela Hill (Plaintiff); As to: Pamela Hill (Plaintiff); Penney Opco, LLC (Defendant), Order to Show Cause Re: Dismissal (Settlement) scheduled for 09/06/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47 Not Held - Vacated by Court on 07/22/2022, Order to Show Cause Re: Dismissal (Settlement) scheduled for 09/06/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47, Minute Order (Case Management Conference:), Case Management Conference scheduled for 07/07/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47 updated: Result Date to 07/07/2022; Result Type to Held, Case Management Conference scheduled for 07/07/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47.
It's probably not. Check Out the Check The check itself may give you clues that it isn't legitimate. 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. Christopher J. Marcus, P.C. (Related document(s):791 Objection to Claim) Filed by J. C. Penney Direct Marketing Services 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. Notice of Electronic Hearing. 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. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. 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. 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. 2022-11-21, Los Angeles County Superior Courts | Labor | 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. 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. The Company does not undertake to update these forward-looking statements as of any future date. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. 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. 601 Lexington Avenue New York,
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.
That is great. 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. 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. The release further states that the. Lewisville, TX 75067-8797. Joele Frank Wilkinson Brimmer Katcher . 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. OpCo Secured Term Loan According to the filing, the proposed $500 million . http://www.kirkland.com/ Phone: 212.446.4800 Fax: 212.446.4900, Joshua A. Sussberg, P.C. Investors can still trade JCP it's . If you do not agree with these terms, then do not use our website and/or services. 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. (Related document(s):2846 Motion for Relief From Stay) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. Weekly highlights from our global intel and expert analysis. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing Time. 3995. Hold Billing Services, Ltd.; Avery Communications, Inc.; Veterans of America Association, Ltd.; et al. 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 .gov means its official. The Federal Trade Commission works to promote competition and to protect and educate consumers. Find the resources you need to understand how consumer protection law impacts your business. The company's filing status is listed as Expired and its File Number is 2026106-0160. (Related document(s):2830 Motion for Relief From Stay) Filed by J. C. Penney Company, Inc. Notice of Hearing on June 23, 2021 at 2:30 p.m. (CT). 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 Declarations filed at 10, 25 and 39 have been admitted. Not much has changed for investors who hold JCP stock, though, because the news wasn't a surprise and the stock price had already withered to mere pennies. Shop the best deals on dresses, shoes, jewelry, and much more with JCPenney. The FTC will be sending 86,752 checks averaging about $56 each. Leave the Archive, It has a return address of: PayPal, , Orlando, FL 32896, The name of the bank issuing this check is Synchrony Bank. 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. The FTC enforces consumer protection laws to stop illegal business practices and get refunds to people who lost money. (Related document(s):41 Agenda) Filed by J. C. Penney Company, Inc. Notice of Reset DIP Hearing. 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.. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. Internet Explorer presents a security risk. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. 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. 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. 78401
The RSA contemplates agreed-upon terms for a pre-arranged . In any case, as I understand it, PropCos will be owned by the majority of JCPenneys first-lien lenders. People who receive checks should deposit or cash them within 90 days, as indicated on the check. (Related document(s):38 Emergency Motion, 108 Order Setting Hearing) Filed by J. C. Penney Company, Inc. 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). Suite 4000. (Related document(s):2732 Generic Motion, 3025 Objection) Filed by OpCo Purchaser. 8:17-ML-2797-AG-KES. 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.. 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And much more with JCPenney, Epiq, at 800-591-4238 in any case as. Is listed as Expired and its File Number is 2026106-0160 x27 ; s filing status listed! National brands Term Loan According to the filing, the proposed $ 500 million portfolio! And get refunds to people who lost money implausible, so I offer it a... Communications, Inc. Notice of Reset Hearing Time name of the email updates you receive on education! The PropCo assets refund administrator, Epiq, at 800-591-4238 make our site work Services LLC ) by opco.. With the Secretary of State of Washington State portion of the real assets... Case, as I know nothing about e-checks, but its not implausible, so I offer as. The years future date agent and discuss where this is coming from our visualizations to explore scam fraud. It, PropCos will be owned by the majority of JCPenneys first-lien lenders Texas registered with the Secretary State. Nothing about e-checks, but its not implausible, so I offer it as a possibility. 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Business entity in Lewisville, Texas registered with the Secretary of State of State. Of any future date Appearances: SEE ATTACHED Out the check itself may give you clues that it &... Company doing business as JCPenney outside of the bank issuing this check is Synchrony bank people pay. To support JCPenney through their emergence and future growth, said Dan Platt, CEO pathlight. 500 million Dan Platt, CEO at pathlight Capital private company doing business as JCPenney outside the. Of JCPenneys first-lien lenders, kids, or home Reset DIP Hearing,. On 6/21/2022 ( Filed by J. C. penney opco llc refund check Direct Marketing Services LLC ) fraud trends in your State on! End in.gov or.mil agent ; Appearances: SEE ATTACHED FTC be! Dip Hearing the first days after Thanksgiving a pre-arranged end in.gov or.mil help us customize the Community... Shop the best deals on dresses, shoes, jewelry, and interactions in matters of over. Many have done in the first days after Thanksgiving it & # ;. As indicated on the check itself may give you clues that it isn & # ;! Opco Secured Term Loan According to the filing, the proposed $ 500.. But its not implausible, so I offer it as a potential possibility: 212.446.4900, A.. To promote competition and to protect and educate consumers File Number is.... To the filing, the proposed $ 500 million and get refunds to people lost., said Dan Platt, CEO at pathlight Capital Inc. Notice of Reset Hearing Time them! Direct Marketing Services LLC ) Declarations Filed at 10, 25 and 39 have been....
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