Take A Look At Meryl Streep's Highly Controversial Oscars Gown

It's not every day Meryl Streep is embroiled in a fashion controversy. But last week, WWD ran a story with a few shady quotes from the one and only Karl Lagerfeld. After accusing the actress—nay, national treasure—of choosing not to wear his dress to the Oscars because another brand had paid her to wear its gown, Meryl fired back.

In a statement released through a spokesperson on Saturday, Meryl said: "Karl Lagerfeld, a prominent designer, defamed me, my stylist, and the illustrious designer whose dress I chose to wear, in an important industry publication. That publication printed this defamation, unchecked. Subsequently, the story was picked up globally [Ed's note: we're guilty too], and continues globally, to overwhelm my appearance at the Oscars, on the occasion of my record-breaking 20th nomination, and to eclipse this honor in the eyes of the media, my colleagues and the audience."

Karl had issued a retraction of sorts, stating that he had misunderstood the situation initially and "regrets the controversy," but Meryl isn't having it. "Mr. Lagerfeld's generic ‘statement’ of regret for this ‘controversy’ was not an apology," she said.

On the bright side, there is a designer whom Meryl is definitely feeling this Oscars season. The actress ultimately wore an off-the-shoulder, royal-blue gown that's encrusted with jewels. Though she didn't reveal the designer just yet, we're guessing it's Valentino. (Want to join our office pool?) PS: The actress works with stylist Micaela Erlanger, who also dresses red-carpet superstar Lupita Nyong'o.

UPDATE: Micaela tells it all. Meryl's stylist has posted a picture of the kween with a tag that credits the designer: Elie Saab.