Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between J.C. Penney and
Martha Stewart Living Omnimedia Inc. The long-awaited trial began last Wednesday in New York Supreme Court. Testifying, Lundgren said he was shocked when Martha Stewart, who at the time he considered a friend, called to tell him about her arrangement with J.C. Penney. "I was completely shocked and blown away," Lundgren said. "I was literally sick to my stomach."...
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Macy's CEO Takes the Stand in Martha Stewart Case
February 26, 2013
From Retailing Today
Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between J.C. Penney and Martha Stewart Living Omnimedia Inc. The long-awaited trial began last Wednesday in New York Supreme Court. Testifying, Lundgren said he was shocked when Martha Stewart, who at the time he considered a friend, called to tell him about her arrangement with J.C. Penney. "I was completely shocked and blown away," Lundgren said. "I was literally sick to my stomach."
J.C. Penney Lawyer: If Macy's Wins, the Consumer Will Lose
February 21, 2013
From CNBC
J.C. Penney and Macy's are going head-to-head at the New York Supreme Court over whether Martha Stewart's contract with Macy's prevents J.C. Penney from selling Martha Stewart Living Omnimedia products in certain categories. Opening arguments in the case began yesterday.