An investigation on behalf of investors in J C Penney Company Inc (NYSE:JCP) shares over potential wrongdoing at J C Penney Company was announced and NYSE:JCP stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 12/19/2016 --An investigation on behalf of investors in shares of J C Penney Company Inc (NYSE:JCP) was announced over potential breaches of fiduciary duties by certain directors at J C Penney Company.

Investors who purchased shares of J C Penney Company Inc (NYSE:JCP) and currently hold any of those NYSE:JCP shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain J C Penney Company officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

J C Penney Company Inc reported that its Total Revenue rose from over $12.25 billion for the 52 weeks period that ended on January 31, 2015 to over $12.62 billion for the 52 weeks period that ended on January 30, 2016 and that its Net Loss for those respective time frames declined from $771 million to $513 million.

On December 7, 2016, the Los Angeles City Attorney's Office filed a lawsuit against J C Penney Company Inc and other national retail giants. According to the complaint J C Penney Company Inc allegedly has engaged in false reference pricing as a frequent business practice, thereby misleading consumers. The complaint further alleged that J C Penney Company Inc continues to engage in such deceptive (and illegal) acts, despite representing to a federal district court (in November 2015) that it would no longer do so.

Shares of J C Penney Company Inc (NYSE:JCP) declined on December 15, 2016, to as low as $8.59 per share.

Those who purchased shares of J C Penney Company Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com