Macy's CEO to Be Deposed in Martha Stewart Lawsuit

Macy’s CEO Terry Lundgren is scheduled to give a deposition in July in a contract dispute with Martha Stewart Living Omnimedia Inc., Bloomberg reported. Macy’s sued to stop Martha Stewart Living from executing a sales agreement with J.C. Penney. Cincinnati-based Macy’s said it has the exclusive right to sell Martha Stewart-branded products in certain categories. J.C. Penney acquired a 17 percent stake in Martha Stewart Living for $38.5 million. Lundgren is scheduled for a half-day of questioning on July 3 in advance of a July 13 hearing.