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Key Figure in Stewart Trial Dies After Collapsing at Train Stop
AP ^ | 2-26-04

Posted on 02/26/2004 9:05:58 AM PST by nuconvert

Key Figure in Stewart Trial Dies After Collapsing at Train Stop

Feb. 26, 2004

By Erin McClam / Associated Press Writer

NEW YORK (AP) - An important figure in the Martha Stewart stock-fraud trial collapsed at a train station and died, just two days after giving testimony that appeared to damage the defense. Jeremiah Gutman, an 80-year-old lawyer who once represented the star witness for the prosecution, collapsed Wednesday on a Metro-North platform in Hastings in suburban Westchester County.

He was found unconscious on a staircase and died later at a hospital, Metro-North spokeswoman Marjorie Anders said Thursday. The cause was an apparent heart attack, associates of the lawyer said.

Gutman represented Merrill Lynch & Co. assistant Douglas Faneuil in early 2002, shortly after Faneuil handled Stewart's sale of nearly 3,928 shares of ImClone Systems stock.

Faneuil initially told investigators Stewart sold after he gave her a stock quote. But he changed his story in 2002, saying broker Peter Bacanovic had ordered him to tip Stewart that ImClone CEO Sam Waksal was trying to sell his own shares.

Gutman testified on Monday, called as a witness by Bacanovic's lawyers - but his testimony appeared to backfire on the defense as he backed up essential pieces of Faneuil's story.

Gutman testified that Faneuil was distraught to the point of tears in the early days of the ImClone investigation - months before he went to the government and claimed he had lied for Bacanovic.

Earlier in the trial, Faneuil testified that Gutman had told him he knew about a deal between Merrill Lynch and the government to ignore any wrongdoing by Stewart and hand over Waksal "on a silver platter."

The defense has claimed that story is a lie. But Gutman said on the stand that he told Faneuil "something like that."

Gutman said a Merrill official "had told me that he was working on making a deal and that deal would involve getting all Merrill Lynch people off the hook, and let the chips fall where they may."

The lawyer also said Faneuil told him he told his bosses at Merrill were "merciless and immoral."

Merrill has denied the existence of any deal.

Gutman was active in the civil rights movement in the South in the 1960s and devoted much of his life to protecting the First Amendment, said Joan Bertin, executive director of the National Coalition Against Censorship.

"He was committed to a full range of civil rights and racial equality and gender equality, but I think he appreciated in a way that many people don't how those issues stand on the shoulders of the right to free expression and political dissent," Bertin said.


TOPICS: Breaking News; Crime/Corruption; News/Current Events
KEYWORDS: cakegate; gutman; marthastewart; merrilllynch; stewart; trial
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1 posted on 02/26/2004 9:05:59 AM PST by nuconvert
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To: nuconvert
Was he on his way to see the passion?
2 posted on 02/26/2004 9:07:10 AM PST by cripplecreek (you win wars by making the other dumb SOB die for his country)
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To: nuconvert
If Clinton were on trial and this happened, this thread would grow to a thousand posts within the hour.
3 posted on 02/26/2004 9:08:45 AM PST by steve-b
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To: nuconvert
Hmm. Better look for a Clinton/Stewart connection, methinks!
4 posted on 02/26/2004 9:08:50 AM PST by Ignatz (Helping people be more like me since 1960....)
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To: nuconvert
Gutman was active in the civil rights movement in the South in the 1960s and devoted much of his life to protecting the First Amendment, said Joan Bertin, executive director of the National Coalition Against Censorship.

"He was committed to a full range of civil rights and racial equality and gender equality, but I think he appreciated in a way that many people don't how those issues stand on the shoulders of the right to free expression and political dissent," Bertin said.

See?
Liberalism is a terminal disease.

5 posted on 02/26/2004 9:09:23 AM PST by Constitution Day
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To: nuconvert
Really bad timing for Martha.
6 posted on 02/26/2004 9:09:27 AM PST by Right Wing Puppy
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To: nuconvert
Are they sure he is dead? He is a lawyer so they need to double-check. Just wave a $100 in his face and I bet he jumps up and is OK.
7 posted on 02/26/2004 9:09:33 AM PST by isthisnickcool (Guns!)
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To: cripplecreek
Was he on his way to see the passion?

Nah. Listening to Howard Stern.

8 posted on 02/26/2004 9:10:04 AM PST by archy (Concrete shoes, cyanide, TNT! Done dirt cheap! Neckties, contracts, high voltage...Done dirt cheap!)
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To: Ignatz
Martha LOVES Hilary. Barf on Both.
9 posted on 02/26/2004 9:10:32 AM PST by Ann Archy (Abortion: The Human Sacrifice to the god of Convenience.)
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To: Ignatz
Marthacide?
10 posted on 02/26/2004 9:10:43 AM PST by dfwgator
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To: nuconvert
Foul play?
11 posted on 02/26/2004 9:11:57 AM PST by Pan_Yans Wife (Your friend is your needs answered. --- Kahlil Gibran)
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To: dfwgator
Cakegate.
12 posted on 02/26/2004 9:12:53 AM PST by small voice in the wilderness (1)
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To: isthisnickcool
He is a lawyer so they need to double-check. Just wave a $100 in his face and I bet he jumps up and is OK.

Not if he was stuck in the behind with a Bulgarian umbrella.


13 posted on 02/26/2004 9:14:38 AM PST by archy (Concrete shoes, cyanide, TNT! Done dirt cheap! Neckties, contracts, high voltage...Done dirt cheap!)
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To: isthisnickcool
He is a lawyer so they need to double-check. Just wave a $100 in his face and I bet he jumps up and is OK.

Not if he was stuck in the behind with a Bulgarian umbrella.


14 posted on 02/26/2004 9:14:59 AM PST by archy (Concrete shoes, cyanide, TNT! Done dirt cheap! Neckties, contracts, high voltage...Done dirt cheap!)
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To: isthisnickcool
He is a lawyer so they need to double-check. Just wave a $100 in his face and I bet he jumps up and is OK.

Not if he was stuck in the behind with a Bulgarian umbrella.


15 posted on 02/26/2004 9:15:16 AM PST by archy (Concrete shoes, cyanide, TNT! Done dirt cheap! Neckties, contracts, high voltage...Done dirt cheap!)
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To: Pan_Yans Wife
sounds more like foul heart.
16 posted on 02/26/2004 9:16:17 AM PST by nuconvert (CAUTION: I'm an acquaintance of someone labelled :"an obstinate supporter of dangerous fantasies")
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To: isthisnickcool
He might be able to fake it for only $100.

Better to drive an ambulance by with flashing lights on and sireen blaring.
17 posted on 02/26/2004 9:16:49 AM PST by citizen (Write-in Tom Tancredo President 2004!)
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To: archy
too much coffee?
18 posted on 02/26/2004 9:16:52 AM PST by nuconvert (CAUTION: I'm an acquaintance of someone labelled :"an obstinate supporter of dangerous fantasies")
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To: small voice in the wilderness
Cakegate......LOL!
19 posted on 02/26/2004 9:18:00 AM PST by Dog (Bin Laden your account to America is past due......time to pay up.)
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To: archy
80 years old. Train station. No one around? Hmmmm
20 posted on 02/26/2004 9:18:44 AM PST by Sacajaweau (God Bless Our Troops!!)
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