Word: omnimedia
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...defending her ImClone trade. She denied that she had received any inside information and said she was simply following the $60 sell arrangement she and Bacanovic had discussed. Comey, the U.S. Attorney, said Stewart made these statements "to stop the slide of the stock price" of Martha Stewart Living Omnimedia and deceived shareholders who otherwise would be worried that insider-trading allegations would damage a company built entirely around the image of its namesake. (The stock indeed rose briefly after Stewart's early statements defending herself but last week was down to $10.24 a share, from $19.01 before the scandal...
...quietly on a bench in the back. The nine-count indictment alleges that Stewart altered evidence that she traded on inside information about the biotech company ImClone Systems, conspired with her stockbroker to lie to federal officials investigating the trade and defrauded shareholders in her company, Martha Stewart Living Omnimedia, by misleading them about why she had sold the stock. Her perfunctory responses to Judge Miriam Cedarbaum's questions (Did she understand the charges? Did she need them read aloud?) were barely audible. But when Cedarbaum asked for a plea, Stewart's response--"Not. Guilty."--rang out like a bell...
...trading "suggests to investors that the game is rigged," says Wayne Carlin, the SEC's northeast regional director. If the SEC wins its case against Stewart, she could be barred from serving on the board of any public company, and her role as an officer of Martha Stewart Living Omnimedia would be limited. Mintz, a former federal prosecutor, says it is an accepted principle of prosecution to use celebrated cases in this way. "There's nothing improper in the general deterrent effect," he says...
...CHARGED. MARTHA STEWART, 61, American lifestyle icon; with securities fraud and obstruction of justice; in New York City. Stewart, founder of Martha Stewart Living Omnimedia, is also being prosecuted by the Securities and Exchange Commission for insider trading of shares in ImClone Systems a day before the biotech company announced that its application to market a cancer drug was rejected. She has pleaded not guilty to all charges for which she could face up to 30 years in prison...
...Martha, Martha, Martha! We still can't take our eyes off the slow-motion car wreck that is Martha Stewart. Today's tidbit, from the New York Times, is that Martha Stewart Omnimedia, parent company of Martha, is looking for a new CEO, one that can, as the New York Times notes, "refocus attention on the company - and away from Ms. Stewart's legal troubles." Hmmm. Still, as her millions of fans will attest, Martha isn't solely the sum of her allegations. For an excellent assessment of why our favorite domesticatrix has such a fundamental appeal, see Caitlin Flanagan...