Seeking Alpha

Report: Macy's-J.C. Penney case to go the distance

Macy's (M +0.4%) and J.C. Penney (JCP +0.1%) are unlikely to work out a settlement in their legal case, according to the WSJ.

Unlike its case with Martha Stewart Living Omnimedia, Macy's doesn't have a strategic reason to rush into a deal.

Sources say the judge in the case will likely have to make a ruling.

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