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Penney’s Pushes for New Bankruptcy Deadline, Pulls the Plug on 2 NYC Stores

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Bankrupt J. C. Penney is closing two New York City stores and has put together a business plan—a key milestone in its Chapter 11 court case. In court Wednesday, Penney’s attorney Joshua Sussberg of Kirkland & Ellis said the retailer is pushing for an extension of the July 14 deadline by which is must secure…

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