Word: martha
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...congressional investigators dug into the troubled biotech firm ImClone in June, they had a simple but explosive question for Martha Stewart, a friend of former ImClone CEO Samuel Waksal's: Did she receive inside information that prompted her to sell her ImClone stock just a day before the Food and Drug Administration (FDA) rejected ImClone's cancer drug and sent the share price tumbling...
Stewart faces issues far worse than congressional ire. Prosecutors are building a case against her on charges of insider trading, obstructing justice and making false statements. Sources say they are trying to gain the cooperation of Martha's friend Mariana Pasternak, who was with her on the day of the ImClone stock sale...
...summons that would create a difficult choice for the Princess of Propriety: testify at the risk of contradicting herself under oath or assert her Fifth Amendment right against self-incrimination. The latter is her legal privilege, but would do nothing to help the stock of her company, Martha Stewart Living Omnimedia, which has fallen 65% since the ImClone news broke...
...Waksal's broker, had advance knowledge of the FDA rejection. In a Dec. 27 e-mail sent to his assistant before the Stewart sale, Bacanovic asked, "Has news come out yet? Let me know, thx, P." The assistant replied, "Nothing yet. I'll let you know. No call from Martha, either." The FDA rejection was announced after the market close on Dec. 28. Bacanovic's assistant, Douglas Faneuil, at first backed Stewart's story. But published reports say he later recanted, telling prosecutors that Bacanovic prompted him to advise Stewart that Waksal family members were selling the stock...
...WorldCom piled on Enron and Tyco and Adelphia, as Martha fell alongside Kenny Boy, as the airlines talked bankruptcy and the baseball union talked strike, the mood of the nation soured. For the first time since Sept. 11, many national polls show that most voters think the country is going in the wrong direction...