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BRIEF-J.C. Penney Co announces settlement of class action lawsuit
May 5, 2017 / 8:22 PM / 7 months ago

BRIEF-J.C. Penney Co announces settlement of class action lawsuit

May 5 (Reuters) - J C Penney Company Inc

* J. C. Penney Company, Inc. announces settlement of class action lawsuit

* J C Penney Company Inc - Settlement to be funded by insurance with no financial impact to company

* J C Penney Company Inc - Settlement remains subject to final documentation and approval of district court following notice to class members

* J C Penney Company Inc - Settlement is worth $97.5 million

* J C Penney - Denies allegations in lawsuit, but entering into settlement to eliminate uncertainties, burden, expense of further protracted litigation

* J C Penney Company - To settle lawsuit, Alan B. Marcus, individually, on behalf of all others similarly situated, V. J.C. Penney Company, Inc., et.al Source text for Eikon: Further company coverage:

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