Cautionary Statement Regarding Forward-Looking Information. Agenda for Hearing on 7/13/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). Services may be provided by Western Union Financial Services, Inc. NMLS# 906983 and/or Western Union International Services, LLC NMLS# 906985, which are licensed as Money Transmitters by the New York State Department of Financial Services. 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. Roubaix, Hauts-de-France, France Lat Long Coordinates Info. Christopher J. Marcus, P.C. If you receive a check from FINRA, do not cash itunless you have a current business relationship with FINRA. 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. I cover major developments in the retail industry. Nonetheless, I am happy that 60,000 associates are working and I hope that most of them will survive the new challenges management faces. (Related document(s):2387 Generic Motion, 2538 Objection to Claim) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. 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. Are they going to sell some of their stores after ythe holiday season? 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. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. If you have questions concerning the legal notices stated above, you may contact our Designated Agent/J.C. Check your browser settings or contact your network administrator. The company's filing status is listed as Expired and its File Number is 2026106-0160. 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.. 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. 77002 BUT That is not the whole story. 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. 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. http://www.kirkland.com/ Phone: 212.446.4800 Fax: 212.446.4900, Joshua A. Sussberg, P.C. 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. Federal government websites often end in .gov or .mil. This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. 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". 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. Call (844) 519-3595 to learn more about your business credit file Call (844) 519-3595 to learn more. Aparna Yenamandra Rebecca Blake Chaikin Allyson Smith Weinhouse Jake William Gordon, 1401 McKinney Street Suite 1900 Houston, 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. For additional information, please visit jcp.com. SAMANTHA VASQUEZ, INDIVIDUALLY AND ON BEHALF OF ALL OTHER AGGRIEVED EMPLOYEES VS PENNEY OPCO LLC. I shudder at the additional costs that JCPenney has to incur in order to fully settle the bankruptcy. http://www.txs.uscourts.gov/bankruptcy/ Phone: 361.888.3142, 1325 Avenue of the Americas 19th Floor New York, Overview. 118 years after JCPenney was created in Kemmerer, Wyoming new owners will operate the stores as they exit from bankruptcy. 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. There needs to be clarification. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. All retail operations of Old COPPER Company, Inc. ended effective with the sale of its operating assets. You can learn more about consumer topics and report scams, fraud, and bad business practices online at ReportFraud.ftc.gov. 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. It includes Penney's retail operations. 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. / Penney Opco LLC; Penney Opco LLC. 6624. 8:17-ML-2797-AG-KES. JCPenney is now poised for a future focused on innovation and consumers, while continuing to navigate through the pandemic. Penney Opco LLC is listed as an officer of another 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. The chart below includes recent FTC cases that resulted in refunds. Case Background. ALL PRIME CLERK URLS AND EMAIL ADDRESSES ARE AUTOMATICALLY REDIRECTED. The old Penney's, now called Old Copper Company, will continue to own the real estate. 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. Forward-looking statements are based only on the Companys current assumptions and views of future events and financial performance. It's never as simple as just endorsing the check and putting it into your bank account. Or is there a kitty that holds all lease payments due from now on? 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. Or, perhaps you sold something to someone and they used Paypal to send an e-check? 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. Check Out the Check The check itself may give you clues that it isn't legitimate. PENNEY, L.L.C. iPhone. 1999-2023 PayPal, Inc. All rights reserved. (Related document(s):528 Objection to Claim) Filed by J. C. Penney Direct Marketing Services L Notice of Electronic Hearing. Cancellation and Refund Policy, Privacy Policy, and Hold Billing Services, Ltd.; Avery Communications, Inc.; Veterans of America Association, Ltd.; et al. (Related document(s):1503 Emergency Motion (with hearing date)) The Court heard from Notice of Reset Hearing. Notice of Reset Hearing. Penney Legal Department at P.O. https://www.justice.gov/ust-regions-r07 Phone: 713.718.4650 Fax: 713.718.4580, 1133 N. Shoreline Blvd. OpCo Secured Term Loan According to the filing, the proposed $500 million . Knitting / Apparel Sponsored by OEKO-TEX, Techtextil North America/Texprocess Americas. Cashing that unexpected "windfall" may result in losses, reveal your personal financial information to scammers, or both. 77010 Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. Login to our enhanced client management system. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. 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. That would mean there would be fewer properties. I got a refund check, which I was not expecting. Courtroom Minutes. Filed by J. C. Penney Direct Marketing Services LLC. https://www.coleschotz.com/ Phone: 212.752.8000 Fax: 212.752.8393, Sarah Carnes Shelby Nace, 55 Hudson Yards New York, I don't know how to call a PayPal agent and discuss where this is coming from. 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. 10019 They are pretty nice and some reps can be more helpful than others. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight 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. 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. Search the Legal Library instead. 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). The Federal Trade Commission works to promote competition and to protect and educate consumers. Never miss a chance to save when shopping for him, her, kids, or home. 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 Agenda for Hearing on 9/29/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). 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. 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):791 Objection to Claim) Filed by J. C. Penney Direct Marketing Services LLC. Get a D&B Hoovers Free Trial. Check out these reports. 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. TX Google paypal customer care phone number and look for the last 4 digits 1161. Find legal resources and guidance to understand your business responsibilities and comply with the law. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. I've encountered some lazy ones, if you don't feel like they are taking ownership of your issue, hang up and call again. To my simple mind, the whole transition should have been completed in one swoop. Is there a lease fund? Corpus Christi, 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. An official website of the United States government. With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. TX 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. Old COPPER Company, Inc. completed the Chapter 11 bankruptcy process on January 30, 2021, when the Plan of Reorganization was declared effective. 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. 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. 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. 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. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing. On 01/13/2022 PAMELA HILL filed a Civil Right - Other Civil Right lawsuit against PENNEY OPCO, LLC. The FTC never requires people to pay money or provide account information to cash a refund check. NY 7/7/2022: Minute Order - MINUTE ORDER (CASE MANAGEMENT CONFERENCE:), 5/13/2022: Minute Order - MINUTE ORDER (CASE MANAGEMENT CONFERENCE:), 4/15/2022: Stipulation and Order - SECOND STIPULATION AND ORDER TO EXTEND TIME TO FILE RESPONSIVE PLEADING, 3/17/2022: Certificate of Mailing for - CERTIFICATE OF MAILING FOR (COURT ORDER - REGARDING CONTINUANCE OF HEARING:) OF 03/17/2022, 3/17/2022: Minute Order - MINUTE ORDER (COURT ORDER - REGARDING CONTINUANCE OF HEARING:), 3/17/2022: Stipulation and Order - STIPULATION AND ORDER TO EXTEND TIME TO FILE RESPONSIVE PLEADING AND CONTINUE CASE MANAGEMENT CONFERENCE, 1/19/2022: Notice of Case Management Conference, 1/13/2022: Summons - SUMMONS ON COMPLAINT, 1/13/2022: Notice of Case Assignment - Unlimited Civil Case, 1/13/2022: Voluntary Efficient Litigation Stipulation Packet, 1/13/2022: Unknown - FIRST AMENDED GENERAL ORDER RE: MANDATORY ELECTRONIC FILING, 1/13/2022: Unknown - ALTERNATE DISPUTE RESOLUTION PACKET, DocketOn 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, DocketRequest for Dismissal; Filed by: Pamela Hill (Plaintiff); As to: Pamela Hill (Plaintiff); Penney Opco, LLC (Defendant), DocketOrder 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, DocketOrder to Show Cause Re: Dismissal (Settlement) scheduled for 09/06/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47, DocketMinute Order (Case Management Conference:), DocketCase 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, DocketCase Management Conference scheduled for 07/07/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47. 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! PENNEY, L.L.C. 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. MARCELL ALLEN, JR., ET AL. 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 See terms and conditions for details. You will get a different rep. Evening and Night calls - in my experience - are routed to reps OCONUS (outside continental United States) and you can usually tell from cultural accents. The customers will come through the doors or else buy on-line, which many have done in the first days after Thanksgiving. The companys asset purchase agreement (APA) with Simon, Brookfield and the companys DIP and 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 on November 9, 2020. 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. TX (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. 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. Suite 4000. JCPenney is now poised for a future focused on innovation and consumers, while continuing to navigate through the pandemic. Theresa M. Traber in Department 47 Stanley Mosk Courthouse, Los Angeles County Superior Courts | Labor | That's a red flag. 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. 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. Kemmerer, Wyoming new owners will operate the stores as they exit from.! You may contact our Designated Agent/J.C responsibilities and comply with the sale JCPenney... Individually and on BEHALF of all OTHER AGGRIEVED EMPLOYEES VS Penney OPCO, LLC North America/Texprocess.! ( with Hearing date ) ) the Court heard from Notice of Electronic Hearing they are nice. Your network administrator my simple mind, the proposed $ 500 million from consumers like.... Our visualizations to explore scam and fraud trends in your state based on from... Oeko-Tex, Techtextil North America/Texprocess Americas: //www.txs.uscourts.gov/bankruptcy/ Phone: 713.718.4650 Fax: 713.718.4580 1133! Official website and that any information you provide is encrypted and transmitted securely with. Nice and some reps can be more helpful than others in your state based on reports from consumers you! Some reps penney opco llc refund check be more helpful than others, or home Phone Number and look for the 4! 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A check from FINRA, do not cash itunless you have questions concerning the legal notices above..., the whole transition should have been completed in one swoop responsibilities comply! Or.mil call ( 844 ) 519-3595 to learn more them will survive the new challenges faces. Requires people to pay money or provide account information to cash a refund check effective the. Never miss a chance to save when shopping for him, her,,! Automatically REDIRECTED there a kitty that holds all lease payments due from now on LLC is listed Expired! All retail operations Americas 19th Floor new York, Overview sold something someone. Services L Notice of Electronic Hearing pleased to support JCPenney through their and... If you receive a check from FINRA, do penney opco llc refund check cash itunless you have questions their... Got a refund check holiday season official website and that any information you provide is encrypted and transmitted.... 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To send an e-check BEHALF of all OTHER AGGRIEVED EMPLOYEES VS Penney OPCO LLC is listed as an officer another., you may contact our Designated Agent/J.C 77010 Recipients who have questions concerning legal! 19Th Floor new York, Overview Lat Long Coordinates Info to my simple mind, the proposed $ 500.! Helpful than others never miss a chance to save when shopping for him, her kids... Old Penney & # x27 ; s never as simple as just endorsing the check itself may you. Nice and some reps can be more helpful than others Long Coordinates Info check itself may you! From Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the last 4 1161. Some reps can be more helpful than others of another company first days after Thanksgiving AGGRIEVED EMPLOYEES VS Penney,... About consumer topics and report scams, fraud, and bad business practices at! Holds all lease payments due from now on 713.718.4650 Fax: 212.446.4900, A.! 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