Replies to post #42412 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Kimbrown]

Sears - Lampert won a bankruptcy auction after increasing his offer for the business from $4.4 billion to $5.3 billion, including the assumption of some liabilities.

Why jcp op co was sold for $800m to Simon? I am surprised that the number did not even cause any question from judge Jones and us trustee.

[keatingdemo]

they also assume some debt

[tmeier]

Judge Jones is a POS and part of the corrupt system.