Kirby McInerney LLP Investigates Potential Claims on Behalf of JCPenney
Company, Inc. Investors
NEW YORK -- October 11, 2013
Kirby McInerney LLP announced today that it has been retained by an investor
in JCPenney Company, Inc. (“JCPenney” or the “Company”) (NYSE: JCP) to
investigate possible claims against the Company for securities law violations
on behalf of all persons or entities who purchased JCPenney common stock
during the period from August 20, 2013 through September 26, 2013.
On an August 20, 2013 investor conference call, JCPenney’s CFO stated that the
Company expected $1.5 billion in liquidity at year-end. However, on September
26, 2013, JCPenney announced a public offering of 84 million shares of its
common stock, and the next day, the Company priced the offering at $9.65 per
share. On this news, JCPenney stock declined from $10.42 to $9.05, a 13%
decline. Since that time, the stock has continued to decline.
Certain JCPenney investors have charged that the statements by the Company
and/or certain of its officers during the above-referenced period violated the
federal securities laws and caused injury to investors. If you acquired
JCPenney common stock during this period and you are interested in learning
more about this matter and any rights you might have with respect to these
claims, contact Jess Kelley at firstname.lastname@example.org, by telephone at (212)
371-6600, or by filling out this form. Please bear in mind that some of these
rights may be time-sensitive.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in
securities, whistleblower, antitrust and consumer litigation. The firm has
specialized in complex litigation, including securities class actions, for
several decades. Kirby McInerney LLP has repeatedly demonstrated its expertise
in this field, and has been recognized by various courts that have appointed
the firm to major positions in consolidated and multi-district litigation. The
firm’s efforts on behalf of shareholders in securities litigation have
resulted in recoveries totaling billions of dollars, and the firm’s
achievements and quality of service have been chronicled in numerous published
decisions. Additional information about the firm or the claims against
JCPenney can be found at Kirby McInerney LLP’s website:http://www.kmllp.com.
Kirby McInerney LLP
Jess Kelley, 212-371-6600
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