Tag Archives: JCPenney

J.C. Penney Appeals Decision in Macy’s Suit

JCPenney

NEW YORK-J.C. Penney said it is appealing the New York State Supreme Court’s ruling in favor of Macy’s, in the lawsuit regarding J.C. Penney’s agreement for a Martha Stewart-branded line of home goods with Martha Stewart Living Omnimedia (MSLO). On June 16, State Supreme Court Justice Jeffrey Oing said that agreement “tortiously interfered” with theMore »

J.C. Penney Amends and Extends “Poison Pill” Plan

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PLANO, Texas-J.C. Penney’s board has changed the stockholder rights plan adopted last August—commonly called a “poison pill” plan—by extending its expiration date from Aug. 20, 2014, to Jan. 26, 2017, and lowering the threshold for a person or group to acquire the company from 10 percent. Under the terms of the amended plan, if anyMore »