Pocket Sacreligia, Prophet of St. Gulik (pockettheroach) wrote in thequestionclub,
Pocket Sacreligia, Prophet of St. Gulik

Can anyone give me any EXACT details on the Martha Stewart case? CourtTV.com says thus:

"The panel of eight women and four men found Stewart, 62, guilty of conspiracy, obstruction and two counts of lying to investigators for covering up the circumstances surrounding her Dec. 27, 2001, stock trade of biotech company ImClone. Her well-timed sale came a day before the FDA made public its decision to reject the application for a cancer drug manufactured by ImClone, and just after learning that the company's CEO, Sam Waksal, was dumping $7.5 million worth of his stock."

Are there any particulars about the lies in question? And, I take it, this isn't about the actual act of insider trading, just lies surrounding it?

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