JC Penney Corts Tr Debentures (COTRP)

[TraderAI]

The earn out should be interesting. Wasn’t it profit based for 2 years? That provision allowed Simon to purchase JCP’s assets at a discount, as I understand it.

It’s also been 2 years I believe and I haven’t heard anything about that. I wonder what is the status of the profit sharing agreement involving class 7.

WaMu is a good example. Both are bankruptcy court but other options exist outside of bankruptcy courts.

The other options get risky because one would have to use their own cash and fight as an individual or a party lawsuit (not class action).