Last Tuesday, Hayman Capital's accumulated stake of 5.2% in struggling retailer JC Penney was disclosed in a US Securities and Exchange regulatory filing.
JC Penney
Breaking News
Richard Perry's fund, Perry Corp. had increased its holdings in JC Penney Corp. by adding 3 million shares in the stake it already owns in the retailer.
J.C. Penney announced the company's performance in the last quarter showed a severe drop in sales.
George Soros added another 2 million shares to his JC Penney portfolio while other investors exited or reduced their holdings.
Russian pleaded not guilty to charges that accuse him of being a part of the biggest cybercrime ring prosecuted in the US.
Bill Ackman, the largest shareholder of J.C. Penney, have taken the offensive by airing out damaging statements against the company. In response, the board is discussing a possible retaliation.
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