The recently retired chairman of the company that runs Macy's, Bon-Macy's and Bloomingdale's department stores was indicted yesterday on charges that he lied to state antitrust...
NEW YORK — The recently retired chairman of the company that runs Macy’s, Bon-Macy’s and Bloomingdale’s department stores was indicted yesterday on charges that he lied to state antitrust investigators probing an alleged boycott of big-box retailer Bed, Bath & Beyond by upscale tableware manufacturers.
James Zimmerman, 61, was arraigned and pleaded not guilty to felony perjury charges in Manhattan state court. He was released on a $50,000 personal-recognizance bond. Zimmerman retired last year as chairman of Cincinnati-based Federated Department Stores.
The charges stem from a sworn statement Zimmerman gave to the office of New York state Attorney General Eliot Spitzer, which was investigating allegations that Federated and May Department Stores had violated the state’s antitrust law by conspiring to keep Waterford, Wedgwood and other manufacturers from selling their products through rival Bed, Bath & Beyond.
Most Read Stories
- Billionaire Paul Allen pledges $30M toward permanent housing for Seattle’s homeless
- Seahawks trade with Falcons, 49ers to move out of first round of 2017 NFL Draft, now have 10 picks WATCH
- 2017 NFL draft: Live Seahawks updates from the second and third rounds
- Highway 99 tolling: Here's how much you could pay, according to new analysis
- Offer help to daughter every which way; it may build a bond | Dear Carolyn