SEC Puts The Lid On Its J.C. Penney Investigation – ValueWalk Premium
J.C. Penney

SEC Puts The Lid On Its J.C. Penney Investigation

In December last year, Alan Marcus, a shareholder of J.C. Penney Company, Inc. (NYSE:JCP), went to court against the company for its abrupt announcement in September of a common stock offering amounting over $810M, alleging it kept the reality of its finances under wraps.


Shareholders up in arms
The fact of the offering triggered a sell-off in the shares of J.C. Penney Company, Inc. (NYSE:JCP) as . . .

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