Ramirez v. J.C. Penney Corporation, Inc.

Case No.: 6:14-cv-00601-RWS-KNM

04/17/2018 UPDATE: The Settlement is final and all settlement payments have been made.

United States District Court Judge Robert W. Schroeder III, of the United States District Court for the Eastern District of Texas, Tyler Division (the “Court”) issued a Final Approval Order on December 18, 2017 approving a settlement (the “Settlement”) of a class action lawsuit brought under the Employee Retirement Income Security Act of 1974 (“ERISA”). The Settlement generally provides for payments to individuals who were participants in or beneficiaries of the J. C. Penney Corporation, Inc. Savings, Profit Sharing and Stock Ownership Plan (the “Plan”) at any time from November 1, 2011 through May 31, 2016 and whose Plan accounts included investments in the J. C. Penney common stock fund.  Detailed information about the settlement payments is provided on the “Commonly Asked Questions” section of this website.

The Settlement consideration is a gross sum of four million five hundred thousand dollars ($4,500,000.00) (the “Gross Settlement Fund”). The Gross Settlement Fund was used to pay expenses, approved attorneys’ fees and Case Contribution Awards to the Named Plaintiffs (after deductions, the “Net Settlement Fund”).  The Net Settlement Fund was then allocated to Settlement Class members according to a Plan of Allocation approved by the Court.

Settlement Administrator

Ramirez v J.C. Penney Corp.

ERISA Class Action Administrator

c/o Rust Consulting, Inc. - 5514

PO Box 2572

Faribault, MN 55021-9572

Toll Free: 1 (866) 646-7319

Email: administrator@jcperisaclassaction.com

Class Counsel

Jacob H. Zamansky

Samuel E. Bonderoff

ZAMANSKY LLC

50 Broadway, 32nd Floor

New York, NY 10004

Telephone: (212) 742-1414

Email: jake@zamansky.com; samuel@zamansky.com