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Posted on: Oct. 27, 2020, 12:01 p.m.
A dissenting creditor group, led by Aurelius Capital Management, submitted a proposal to buy the chain’s real estate. : (Bloomberg)—Tensions flared in bankruptcy court Monday over J.C. Penney Co.’s proposed sale to its lenders and landlords, with one lawyer alleging a dissenting creditor group is waging “economic terrorism” in search of a payout. Those creditors, led by Aurelius Capital Management, hold J.C. Penney term loans and other debt. They’ve submitted a competing proposal to buy the retailer’s real estate while ... Full investment news articleRelevent to this post: Louisiana Economic Development,