Replies to post #36520 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[TenKay]

I agree, many bankruptcies include some token “new” equity to the pre-petition equity IF there is a meanginful return to ALL senior claims. That is exactly what GM did.

In that case it was ultimately worthless and cancelled years later.