J.C. Penney wins and loses case against Macy's


A judge in New York rules J.C. Penney (JCP +0.1%) interfered with the terms of an exclusive deal between Macy's (M -0.5%) and Martha Stewart Living Omnimedia (MSO +8.7%) with its own deal with Martha Stewart.

In a minor victory for J.C. Penney, Justice Jeffrey Oing didn't award punitive damages to Macy's due to a lack of "unequivocal" evidence the retailer was entitled to an award.

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