Aouy Lawyers Dispute Gets Sticky
Prosecutors in the fraud case against Martha Stewart showed the jury a
stanley cups stock chart Wednesday in an attempt to prove that she propped up the price of her own company by lying to investors about her sale of ImClone Systems stock.The stock chart showed spikes in the price of Martha Stewart Living Omnimedia immediately after Stewart issued statements denying wrongdoing in June 2002.Stewart has insisted she had a standing agreement with her stockbroker Peter Bacanovic to sell ImClone when it fell to $60.The government claims the real reason for the sale was that Stewart was tipped that ImClone founder Sam Waksal was trying to sell his shares. Stewart sold on Dec. 27, 2001, just before a negative government decision on an ImClone cancer drug sent the ImClone stock price down.Prosecutors say that later, after the scandal broke, Stewart illegally tr
stanley flasche ied to prop up the stock price of Martha Stewart Living Omnimedia mdash; and therefore save her tremendous wealth mdash; when she publicly proclaimed her innocence. That, according to prosecutors, amounted to securities fraud, which carries a potential 10-year prison term. Four other counts against Stewart accuse her of lying to investigators about why she sold ImClone stock.Earlier
stanley usa Wednesday, Stewart s lawyer showed jurors a slew of two-year-old news reports that speculated she sold ImClone stock on insider information and even was romantically linked to its now-jailed CEO.The defense introduced the material to show that Stewart Eimi Iraqi Honor Killing Case Begins in Arizona
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