Replies to post #13126 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[temp luvs amy]

Depends on what you read? First Day Motions?

[temp luvs amy]

"On the Plan Effective Date, all Equity Interests in JCP shall be extinguished and cancelled. Holders of Existing Equity Interests shall receive no recovery on account of such Existing Equity Interests."

I think the CEO signed off on this, but I could be wrong.


https://seekingalpha.com/article/4348419-bankrupt-j-c-penney-might-end-up-selling-all-assets-and-liquidating