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Keyword: imclonesystems

( Martha ) Stewart gets fined $195,000 in plea deal

08/08/2006 8:12:46 AM PDT · by george76 · 27 replies · 681+ views
Associated Press ^ | August 8, 2006 | Dan Caterinicchia And Anne D'Innocenzio

Homemaking diva Martha Stewart will pay about $195,000 and cannot serve as the director of a public company for five years under a settlement announced Monday on civil insider trading charges with the Securities and Exchange Commission. Under the settlement, the founder of Martha Stewart Living Omnimedia Inc., a multimedia empire dedicated to stylish living, agreed to make a payment relating to losses the government said she avoided on her sale of ImClone Systems Inc. stock in December 2001. Stewart agreed to pay $45,673, the amount of losses she avoided from her insider trading, plus $12,389 in interest. But the...

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