By  on September 5, 2013

Shares of Martha Stewart Living Omnimedia Inc. dropped 5.7 percent to $2.32 Thursday as investors worried over the company’s relationship with J.C. Penney Co. Inc.

The New York Post reported that Penney’s chief executive officer Myron “Mike” Ullman 3rd was going to drop the retailer’s line of Martha Stewart home goods. The 2011 deal that created the collection is now the subject of a battle in New York Supreme Court with Macy’s Inc., which already had an agreement with the brand.

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