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

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 [email protected].  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 3^rd Avenue, 26^th Floor
New York, NY 10017
Attn:  Stuart Guber
[email protected]
Telephone: (215) 277-5770
Attn: Nina Varindani
[email protected]
Telephone: (212) 983-9330

SOURCE Faruqi & Faruqi, LLP

Related Links

http://www.faruqilaw.com