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Marcus v. J.C. Penney Company, Inc. et al
Case Number:
6:13-cv-00736
Court:
Nature of Suit:
Judge:
Firms
- Ajamie LLP
- Bilek Law Firm
- Gibson Dunn
- Labaton Keller
- Lynn Pinker
- Meister Seelig & Fein
- Potter Minton
- Robbins Geller
- Sponsel Miller
- Ward Smith
Companies
Sectors & Industries:
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July 24, 2017
$97.5M JC Penney Investor Settlement Gets Initial OK
A Texas federal judge ruled Monday to grant preliminary approval to a deal for J.C. Penney to pay $97.5 million and make other concessions to a class of investors who'd accused the retailer of lying about its financial health, following the recommendation of a magistrate judge.
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May 05, 2017
JC Penney To Pay $97.5M To Settle Securities Suit
J.C. Penney agreed to pay $97.5 million and make other concessions to a class of investors who'd accused the retailer of lying about its financial health, asking a Texas federal judge on Friday to pause the litigation while they pull together a formal proposal.
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March 09, 2017
JC Penney Investor Class Certified Despite Retailer's Protests
A Texas federal judge has certified a class of J.C. Penney investors accusing the retailer of lying about its financial health, saying the company hadn't provided enough evidence to show that revelations of liquidity problems weren't the cause of certain stock price drops.
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September 28, 2015
JC Penney Says Allowing Investor Suit Is Mistake
J.C. Penney pushed back against a magistrate's recommendation that a proposed class action alleging the retailer lied to investors about its financial health be allowed, contending Friday that the judge's report misapplies federal law.
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October 01, 2013
Shareholders Sue JC Penney After Major Investor Exits
Following a string of major exits from some of its largest shareholders, J.C. Penney Company Inc. was hit with a putative class action in Texas federal court Tuesday by recent investors who claim they were lied to about the sputtering retailer's financial health.