Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[naturallyk2]

The hearing summed up:

The judge was very pleased to see the argument made by an ad hoc of investors to establish an equity committee for the right reasons. The judge has been involved in bankruptcy cases for decades. He believes establishing an equity committee to get answers about why JC Penny claimed bankruptcy is a good path. He doesn't want to see a bloodbath of arguing between the company, debtors, and shareholders. However, he is not adjourning for another 20 minutes. This judge is something else... didn't expect to hear what I heard today... at... all. I'm impressed....