Martha Stewart's company, Martha Stewart Living Omnimedia won one claim against Macy's when Judge Oing ruled that MSLO did not violate the confidentiality provision of its licensing agreement. Macy's claimed the agreement was breached when MSLO shared certain details of the contract with J.C. Penney. The Judge stated that MSLO "had a legal obligation to provide the documents to JCPenney," because JCP was making a substantial investment in the company and both are public companies. Further, MSLO did take measures to limit the disclosure of information to only those that were necessary.
The attorney for Macy's argued that JCP used the investment as a cover in order to get a look at the terms of their agreement. The Judge disagreed saying, "Thirty-eight million dollars is a lot of money to pay to look at a licensing agreement."
Macy's said it planned to appeal the decision immediately.
(Click here, here and here for a recap).
Read More:
Bloomberg: Martha Stewart Gets One Claim Tossed in Macy’s Lawsuit
WSJ: On Disclosing Macy's Pact, Judge Finds for Stewart
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