(Reuters) – J.C. Penney Co Inc filed a lawsuit on Monday asking a Delaware judge to declare that it is not in a default of its bond agreements, protecting nearly $ 3 billion of debt from being due in the coming months. The lawsuit was filed after J.C. Penney received a letter earlier on Monday from the Brown Rudnick law, firm which said the retailer had breached a covenant of a bond indenture agreement by granting a lien on its inventory, according to the complaint filed in the Delaware Court of Chancery. …
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