Comment on And Now JCPenney Is Now Engaged In An Ugly War With Investors Who Say It Has Already Defaulted

And Now JCPenney Is Now Engaged In An Ugly War With Investors Who Say It Has Already Defaulted

Months after speculation of a cash crisis at JCPenney, bond investors are accusing the company of defaulting on its debt. Lawyers who say they represent half of the holders of a tranche of JCPenney bonds due in 2037 sent the company a letter alleging that it breached a bond agreement, Sapna Maheshwari at Bloomberg reported.

 

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