6 years Ago, MarcWites
Wites Law Firm announces that the time period for losses in J.C. Penny Company Inc. stock (NYSE: JCP) has been extended, and now includes May 16, 2013 through and including September 26, 2013.
If you are an investor who purchased J.C. Penny Common Stock between May 16, 2013 and September 26, 2013, you may have a legal claim against JC Penny and could serve as the lead plaintiff in the case. The deadline for filing for lead plaintiff is December 2, 2013. If you are interested in being the lead plaintiff, or would like to speak with an attorney about your legal rights, contact the attorneys at Wites Law Firm by email at email@example.com or toll-free at 1 (866) 277-8631.
On September 27, 2013 J.C. Penney issued a press release announcing the pricing of $84 million shares of its common stock at $9.65 per share in a secondary offering stating that “[t]he Company intends to use the net proceeds from the offering for general corporate purposes.” Following this news, J.C. Penney’s common stock declined by $1.37 per share, or 13%, to close at $9.05 per share on September 27, 2013. Pending class action lawsuits allege that the Company had previously made materially false and misleading statements and omissions to the investing public about the Company’s financial health, including that the Company would not have sufficient money to operate through the end of the year, that it would require additional investments to get through the holiday season, and that it hid such information so as not to worry its vendors. It is alleged that J.C. Penny’s stock reached artificially high prices as a result, reaching $14.47 per share by September 9, 2013.
Wites Law Firm is a law firm with offices in Oakland, California and Lighthouse Point, Florida, with expertise in the representation of investors in securities fraud and investor litigation claims. You may visit its website atwww.wklawyers.com.
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Marc: Congratulations on the School Board settlement! Glad you were about to get a good result for your clients. Having been your adversary early on in the case, I can say it was a long battle and the great result was due to your persistence and creative approach to the litigation. Well done!Josh Eggnatz
Attorneys often convey a sterile attitude toward clients that is often void of sincerity and compassion, and may even be condescending. Marc Wites has not lost his humanity!! Mr. Wites is an attorney that continues to stay abreast of the law, which results in excellent results for his clients. Marc Wites is my “go to” attorney when I am looking for A-rated service and quality representation. I consider Marc as not only my attorney but a friend as well.David
An impressive chamber of knowledgeable attorneys/staff that stand ready to work tirelessly on behalf of their clients. Marc Wites is the quintessential Perry Mason advocate–erudite, prepared, and brilliant. He is ready to take on any legal challenge. Above all, he is understanding of the working class. Surely, he’s not just in it for the money; he genuinely wants to help people. Overall outstanding law firm.Raymond Brown
Mr. Wites accepted my case when other lawyers would not. He never promised what he couldn’t deliver. He was realistic, upfront and honest. He actually returns phone calls. And he is willing to explain the legal process and to take time to answer questions. I would definitely contact Mr. Wites if I ever needed a lawyer again.Karla