Macy's goes back to court over Martha
HTT Staff -- Home Textiles Today, 8/17/2012 2:36:58 PM
New York - Macy's is playing hardball where the Martha Stewart brand is concerned. First it sued Martha Stewart Living Omnimedia, winning a temporary injunction against the Martha shops that are scheduled to open in JCPenney next spring. Now, according to the New York Times, it's filed suit against JCP.
The Martha shops are to anchor a completely revamped home department, originally scheduled to open March 1.
Martha "had hired one of the best attorney's money can buy," and she was fee gouged and "went to prison." On trumped-up charges arising AFTER she retained legal counsel, they "negotiated a sweet deal...for a mere $60k" to plead guilty and cover up legal malpractice. What perfidy! All of the trumped-up charges against her related to the time period AFTER her small, LEGAL stock sale, so there was NO "ImClone Insider Trading Case against Martha" and she cover NEVER be "convicted of 4 Insider Trading Felonies." There would have been no Martha Stewart case with competent legal representation.
GChu - 2012-09-08 09:55:46 EDT
This free American economy means MSLO and JCP have the freedom to do business with no permission needed from Macy's. Macy's contractual relationship with MSLO ended, but under false pretence, deceit and trickery, Macy's renewed the contract after the JCP deal and then bolted into court in an abuse and misuse of the legal system.
Knowing the facts...Martha is an American treasure who did nothing wrong, and MSLO seeks job creation for Americans with JCP.
The facts remain and are public record, and you cannot blame Martha's Attorney, for she had hired one of the best attorney's money can buy, who negotiated a sweet deal with prosecutors offering to settle the ImClone Insider Trading Case against Martha for a mere $60K, which Martha turned down because she wanted to prove her innocence. After trial she was convicted of 4 Insider Trading Felonies, and went to prison. Based just upon common sense most other people may have gone to Macy's and negotiate an end to that relationship before moving on to JC Penney, and perhaps say to Macy's, I don't think this is working out, what would it take to end our agreement? Most cases are generally settled before trial, but in Martha's Case it looks like she or her MSO wants to try to prove something with another trial again.Alan Lloyd - 2012-08-20 12:35:31 EDT
My experience with the Martha Stewart brand is always getting excellent quality for my money at retail prices. Knowing the facts about the Martha Stewart case, she was never involved in any "insider trading" and was never so charged. Her case is a cautious tale about grossly incompetent legal representation.
GChu - 2012-08-19 08:45:16 EDT
Here's Macy's online ad on August 13, 2012:
"Martha Stewart at Macy's
Martha Stewart Bedding at Macy's.
Save 40-60% Today!
Ruthlessness knows no bounds with Macy's. Macy's is "playing hardball" to destroy the Martha Stewart brand and the jobs of Americans with fire sales.
Obviously, emboldened by an incompetent, biased Chinese-minority judge, Macy's frivolously sues JC Penney thinking their legal diatribe will again be rubber-stamped by a Macy's puppet.
I've had bad luck with Martha Stewart towels I bought at Macy's, and when I went to their Marketplace looking for a porcelan clad dutch oven and a person I know who works there said that her dutch ovens were not very well made, so I think her brand belongs more at JC Penney than at Macy's. It'll be interesting to see how this plays out.Barry Margolis - 2012-08-17 20:02:23 EDT
Perhaps Martha should consider retirement to smell the roses at 70 rather then be involved in another stressful legal controversy. Aside from Martha's product issues between Macy's and JC Penney, to allow JC Penney Executives to sit on the Board of Martha Stewart Living Omnimedia (MSO), plus purchase a chunk of MSO may not have been the wisest decision, while Martha was still under contract to Macy's, and having served time in the past for four (4) felony Insider Trading Convictions.Alan Lloyd - 2012-08-17 15:49:18 EDT
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