If you have your seed... then yes, it would be VERY easy to "stop" this transaction from being broadcast.
Simply find your current wallet file (
http://docs.electrum.org/en/latest/faq.html#where-is-my-wallet-file-located), and rename it to "OLD_WALLET_DO_NOT_USE" or something equally obvious
Or better yet, rename it and move it OUT of the Electrum wallet directory.
Then install the latest version of Electrum, and regenerate your wallet using your old seed (File -> New\Restore -> Standard Wallet -> I already have a seed). As the transaction was never broadcast, it can't exist in your new wallet