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JC Penney liquidation 'not in the cards,' retailer moves toward a sale

A J.C. Penney store in Laguna Hills, California Scott Mlyn | CNBC For bankrupted J.C. Penney, a liquidation is “not in the cards,” according to the department store chain’s attorney.  Penney is moving forward with a sale that should be completed by this fall, attorney Joshua Sussberg of Kirkland & Ellis said during a […]