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J.C. Penny Company, Inc. (JCP)

NYSE:JCP

Summary

Faruqi & Faruqi, LLP is Investigating J.C. Penny Company, Inc. (JCP) on Behalf of its Shareholders

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct at J.C. Penny Company, Inc. (“J.C. Penny” or the “Company”) (NYSE:JCP).

The investigation focuses on whether the Company’s Board of Directors and its officers committed mismanagement and breached their fiduciary duties.  On December 7, 2016, the Los Angeles City Attorney’s Office filed a lawsuit against J.C. Penny Corporation, Inc. (“JCP Corp.”), the Company’s principal operating subsidiary, alleging that JCP Corp. “has engaged in false reference pricing as a frequent business practice, thereby misleading consumers.”   The complaint further alleged that JCP Corp. “continues to engage in such deceptive (and illegal) acts, despite representing to a federal district court (in November 2015) that it would no longer do so.” 

Take Action

If you currently own J.C. Penny stock and would like to discuss your legal rights, please fill out the form below.  You can also contact us by calling Stuart Guber toll free at (215) 277-5770 or by sending an e-mail to sguber@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding J.C. Penny’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information on how to join the Action.

  • Company:
    J.C. Penny Company, Inc. (JCP)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Stuart J. Guber
Nina Varindani
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 12/12/2016

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.