JC Penney To Pay $50M To Settle False Discount Claims

Law360, New York (November 12, 2015, 6:16 PM EST) -- J.C. Penney Corp. on Tuesday agreed to pay $50 million to settle a class action accusing the retailer of tricking customers into believing they were getting larger discounts on apparel than they actually were, according to a filing in California federal court.

In a motion for preliminary approval, lead plaintiff Cynthia Spann, whose February 2012 complaint alleged that the retailer advertised false “original” prices on sale merchandise to make it look like customers were getting discounts on items, also asked U.S. District Judge Fernando M. Olguin...
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