If you have been following the trial, you likely remember that the judge in the case ordered the parties into mediation while the trial was in recess, in the hope that they could resolve the dispute without a ruling from the court. No such settlement emerged, and so the trial will resume again next Monday. Much is on the line, especially for J.C. Penney and MSLO, as both companies have lately had disappointing financials. Macy’s, seen as the likely beneficiary of a court ruling, has essentially no reason to negotiate or settle with the other parties.
From MarketsPress website:
The three parties Macy’s, J.C. Penney and Martha Stewart Living Omnimedia were sent into mediation by the officiating Judge Jeffrey Oing. He had hoped to resolve the dispute mutually during the time the non-jury trial was in a recess owing to the conflicts in the schedule.
However, even on Friday there was no evidence of any deal being stuck and witnesses would be testifying the same in the early part of this week according to a person who knows the case. The person who was not authorized to speak publicly and wished to remain anonymous told that the witnesses might include a few J.C. Penney marketing executives.