J.C. Penney Employees Win $4.5M Settlement For 401(k) Losses

Jan. 05– J.C. Penney current and former employees who bought or held company stock in their 401 accounts during the Ron Johnson era will get some relief. A Texas federal judge preliminarily approved a $4.5 million settlement between Penney and a class of employees who claim they suffered retirement account losses due to false and misleading statements and/or…