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Macy’s Settles Legal Dispute With Martha Stewart Living

Macy’s Inc. and Martha Stewart Living Omnimedia Inc. settled litigation over whether Martha Stewart breached a contract by selling certain goods at J.C. Penney Co. The terms of the settlement weren’t disclosed.

Macy’s said today in a statement that the pact doesn’t affect its outstanding claim against J.C. Penney. Martha Stewart and Macy’s both said the terms of the settlement aren’t material to their businesses.