J.C. Penny (JCP) Sucked into Macy's (M) vs. Stewart Catfight
Tweet
Share
E-mailGet Alerts M Hot Sheet
Join SI Premium – FREE
In January, Macy’s (NYSE: M) sued Martha Stewart Living to stop it from executing on a sales agreement with J.C. Penny (NYSE: JCP). Last month a judged granted Macy’s a preliminary injunction. Now Macy’s lawyers are setting their sights on J.C. Penny.
In a suit filed today, Macy’s said J.C. Penney’s copycat line would substantial damages and threaten to inflict incalculable further harm and that the Martha Stewart pact is “transparently designed to eliminate the competitive advantage that Macy’s enjoys in the area of home products.”
In a suit filed today, Macy’s said J.C. Penney’s copycat line would substantial damages and threaten to inflict incalculable further harm and that the Martha Stewart pact is “transparently designed to eliminate the competitive advantage that Macy’s enjoys in the area of home products.”
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Zillow and Redfin settle FTC antitrust case over listing partnership
- Oppenheimer adds managing director, promotes municipal leader
- Funds sell $44bn in semiconductors on AI concerns
Create E-mail Alert Related Categories
LitigationSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
