Legal News

CEO of J.C. Penney Testifies in Macy’s Case Regarding Martha Stewart
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

The CEO of J.C. Penney, Ron Johnson, was scheduled to testify in the New York State Supreme Court on Friday in a trial that pits Macy’s Inc. against Penney regarding Martha Stewart, according to the Associated Press. The trial is about whether or not Macy’s has the exclusive rights to sell the Martha Stewart brand product line.

Macy’s wants to block Penney from opening mini Martha Stewart shops in its stores. Stewart is expected to take the stand next week in the trial. Johnson hopes the mini stores will help the struggling company rebound.

  
What
Where


The contract with Martha Stewart Living was renewed by Macy’s in January of 2012, but then sued the company, claiming it breached a contract when it signed a 10-year deal with Penney. Macy’s claims that Johnson “knowingly and purposely demanded and received confidential information” from Martha Stewart regarding the contract and created a deal that would be more lucrative than the contract with Macy’s.

Over the summer, Macy’s won a preliminary injunction against Martha Stewart Living. The injunction prevents the company from selling house products and other exclusive items at Penney. Penney was granted permission to open the Stewart shops so long as they don’t sell the exclusive products listed in the injunction.

Macy’s CEO Terry J. Lundgren said he was shocked when told by Stewart that she signed a deal with Penney. “I was completely shocked and blown away,” he testified. “It was so far from anything I could imagine.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

RELEVANT JOBS

Contracts Manager

USA-MA-Holliston

4 Decades. 5 Regions. 1 Team: Build Your Future with the Best and Brightest in the Construction indu...

Apply now

Estate Planning Attorney

USA-FL-Miami

The law firm of Packman, Neuwahl & Rosenberg, P.A. is seeking an associate to join its expanding pra...

Apply now

Technology and Outsourcing partner with Big Law experience (100% Work from Home)

USA-MA-Boston

Culhane Meadows PLLC is actively seeking an experienced and self-motivated Technology and ...

Apply now

Litigation Attorney

USA-NY-Riverhead

Responsibilities The candidate should be able to independently manage own caseload through all ph...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Liability Defense Attorney

USA-FL-Fort Lauderdale

Ft. Lauderdale office of our client seeks liability defense attorney with 3+ years of insurance defe...

Apply Now

Litigation Associate Attorney

USA-CA-San Francisco

San Francisco office of a BCG Attorney Search Top Ranked Law Firm seeks litigation associate attorne...

Apply Now

Business and Transactional Associate Attorney

USA-CT-Middletown

Middletown office of a BCG Attorney Search Top Ranked Law Firm seeks business and transactional asso...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top