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home / news releases / j c penney finally file their reorganization plan wh

SPG - J. C. Penney Finally File Their Reorganization Plan Which Wipes Out Shareholders

Simon Property Group Inc.
  • Ch.11 reorganization plan and disclosure statement were filed on Oct.20.
  • J.C. Penney shareholders are getting no recovery.
  • Because of the very large amount of higher priority claims, unsecured and 2lien noteholders will not be getting a recovery.
  • Asset sale deal is still not completely finalized.
  • Confirmation hearing is set for Nov 24 and 25.

For further details see:

J. C. Penney Finally File Their Reorganization Plan Which Wipes Out Shareholders
Stock Information
Company Name: Simon Property Group Inc.
Stock Symbol: SPG
Market: NYSE
Website: simon.com
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