NEW YORK, Dec. 12, 2016 /PRNewswire/ -- 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."
Request more information now by clicking here:
www.faruqilaw.com/JCP. There is no cost or obligation to
you.
Take Action
If you currently own J.C. Penny
stock and would like to discuss your legal rights, please visit
www.faruqilaw.com/JCP. 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.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP685 3rd Avenue,
26th Floor
New York, NY 10017
Attn: Stuart Guber
sguber@faruqilaw.com
Telephone: (215) 277-5770
Attn: Nina Varindani
nvarindani@faruqilaw.com
Telephone: (212) 983-9330
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