New York -- A Thursday report by Bloomberg said that Macy’s CEO Terry Lundgren is slated to give his deposition next month over a contract dispute with Martha Stewart Living Omnimedia Inc.
Citing documents filed Thursday in New York state court, Bloomberg said that Lundgren is scheduled for a half-day of questioning on July 3 in advance of a July 13 hearing on his company’s request for a preliminary injunction.
In January, Macy’s sued Martha Stewart Living to prevent a partnership with J.C. Penney Co. to sell Martha Stewart-branded products. According to Macy’s, it has the exclusive right to sell Martha Stewart Living products in certain categories.
J.C. Penney acquired 17% of Martha Stewart Living for $38.5 million.