UPDATE 1-JC Penney sues to block bondholders from declaring default

Posted on February 04, 2013 at 18:57 PM EST

Feb 4 (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.

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J.C. Penney Co., Inc.

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