Macy's said Friday it had won a preliminary block against Martha Stewart Living Omnimedia selling some of its products at J.C. Penney. Macy's says the JCP deal violates the terms of an exclusive pact it has with the fashion doyenne's company.
The SEC settled its case against Bank of America for failing to disclose Merrill Lynch's losses and bonus plans before their merger, but BofA shareholders are still seeking justice. On Friday, a judge refused to dismiss their claims, meaning they'll get their chance at a trial.
According to the SEC lawsuit that Dell just settled for $100 million, Dell cooked its books from 2002 to 2006 by using "exclusivity" payments from Intel totaling $4.3 billion to inflate its revenue numbers and otherwise fraudulently meet Wall Street analysts' expectations.