JC Penney (JCP) Files Chapter 11 Bankruptcy
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NYSE to Suspend Trading in J. C. Penney Company (JCP)
May 18, 2020 5:06 PM EDTThe New York Stock Exchange LLC (NYSE or Exchange) announced that the staff of NYSE Regulation has now determined to immediately suspend trading in the common stock (Common Stock) of J. C. Penney Company, Inc. (NYSE: JCP) ticker symbol JCP from the NYSE.
In addition, NYSE... More
J.C. Penney has need for speed in bankruptcy, lawyer says
May 16, 2020 7:17 PM EDTBy Mike Spector
(Reuters) - J.C. Penney Co Inc (NYSE: JCP) needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of prolonged store closures due to the COVID-19 pandemic, a lawyer for the iconic U.S. department store chain said during a court hearing on Saturday.
"This company needs to move incredibly quickly through this restructuring. If we don't, the results could be disastrous," said Joshua Sussberg, a Kirkland & Ellis LLP lawyer representing the retailer. He unveiled a timeline that foresees... More
