Harwood Feffer LLP and Milberg LLP announce a proposed $8.5 million cash settlement of an ERISA class action on behalf of

   Harwood Feffer LLP and Milberg LLP announce a proposed $8.5 million cash
 settlement of an ERISA class action on behalf of certain participants in the
  Macy's, Inc. Profit Sharing 401(k) Investment Plan and the May Department
                      Stores Company Profit Sharing Plan

PR Newswire

NEW YORK, Jan. 22, 2013

NEW YORK, Jan. 22, 2013 /PRNewswire/ --In the United States District Court
for the Southern District of Ohio, Western Division, in Shanehchian, et al. v.
Macy's Inc., et al., Case No. 1:07-cv-00828-SAS-SKB, a summary notice has been
issued as follows:

Summary Notice of Proposed Class Action Settlement
and Scheduling of Final Fairness Hearing

To: All individuals who were participants in the Macy's, Inc. Profit Sharing
401(k) Investment Plan and/or the May Department Stores Company Profit Sharing
Plan at any time between February 27, 2005 and July 24, 2012 whose account
included an investment in the Macy's Company Stock Fund at any time during
that period.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED
AND YOU MAY BE ENTITLED TO A PAYMENT FROM THE SETTLEMENT FUND. PLEASE READ
CAREFULLY.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil
Procedure and an Order of the Court, that the above-referenced action has been
certified as a class action for purposes of a proposed $8.5 million cash
settlement, subject to review and final approval by the Court. As part of the
proposed settlement, class members who show a loss under the proposed Plan of
Allocation may be entitled to a payment from the settlement. You do not need
to do anything to receive a payment under the settlement but your rights will
be affected. The settlement includes a release of claims related to the
administration of the Plans, the selection of investment options under the
Plans, and disclosures about those investment options.

A hearing will be held before the Honorable S. Arthur Spiegel in the Potter
Stewart United States Courthouse, 100 East Fifth Street, Cincinnati, OH
45202, at 10:00 a.m,on May 1, 2013 to determine whether the proposed
settlement should be approved by the Court as fair, reasonable, and adequate,
and to consider the proposed Plan of Allocation and class counsel's
applications forattorneys' fees, expenses and case contribution awards.

You cannot exclude yourself from the settlement. You can, however, file
written comments or objections with the Court. You or your lawyer may also
appear and speak at the hearing at your own expense. To do so, you must send
your comments and objections to the Court and the parties' attorneys no later
than March 21,2013. Detailed instructions can be found on the Settlement
Website at www.berdonclaims.com/macys, where you can also obtain a more
detailed notice about the terms of the settlement, how the existence of a
qualifying loss will be determined and how the payments will be calculated,
along with the settlement agreement and related materials. Additional
information and materials, including class counsel's application for
attorneys' fees, will be posted on the Settlement Website as they are filed
with the Court. You may also write to Macy's ERISA Litigation Settlement,
P.O. Box 9014, Jericho, NY 11753-8914 to request copies of these materials.

All other inquiries may be made by writing to class counsel at:

Robert I. Harwood
Harwood Feffer LLP
488 Madison Avenue, 8th Floor
New York, NY 10022-5702
rharwood@hfesq.com

- and -

Lori G. Feldman
Milberg LLP
One Penn Plaza
New York, NY 10119-0165
lfeldman@milberg.com.

Published by Order of the U.S. District Court for the Southern District of
Ohio.

SOURCE Robert I. Harwood and Lori G. Feldman

Contact: Harwood Feffer LLP, Robert I. Harwood, Esq., +1(212) 935-7400; or
Milberg LLP, Lori G. Feldman, Esq., +1(212) 594-5300
 
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