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One count accused Stewart of deliberately trying to prop up the stock of her domestic lifestyle company, Martha Stewart Living Omnimedia, in 2002 by saying she had done nothing wrong and was cooperating with investigators Attorney Karen Patton Seymour told jurors that Stewart had lied to federal agents, and "multiplied that lie by feeding it to investors in her own company Stewart," Srassberg said of the government, "and in that rush to judgment they have charged an innocent man In discussing the case against Bacanovic, Seymour said he knew that it was against Merrill Lynch rules to pass information about one client's trading â€â€? in this case Waksal â€â€? to another An appeals court ruling would come too late to affect the Stewart trial but could affect future cases The prosecution was based on "speculation, surmise and guesswork," Morvillo said in his opening statement S U "And they will ask you to ignore the lack of direct evidence Cedarbaum said Stewart's defense could not argue that she is being prosecuted merely for claiming she was innocent In her opening statement in federal court, Assistant U S The judge did release transcripts On Monday, 14 floors higher in the same courthouse, a federal appeals court heard arguments on whether Cedarbaum went too far in closing jury selection But he didn't want his friend Martha Stewart sitting on a stock that was about to be obliterated by bad news District Judge Miriam Goldman Cedarbaum told them it was critical that they decide the case only on the evidence â€â€? and ignore the onslaught of media coverage surrounding Stewart's every move The FDA, meanwhile, is expected to approve ImClone's Erbitux sometime in the first quarter 27, 2001 â€â€? just before stock in the fledgling biotechnology company plunged when the government refused to review Erbitux, an ImClone cancer drug and the only drug in the company's pipeline "He knew that he couldn't do it Stewart and broker Peter Bacanovic, Stewart's co-defendant, say they had a pre-existing agreement to sell ImClone stock when it fell to $60 per share to lift that dark cloud hanging over her reputation," Seymour said " "She was told a secret that no other investor had," Seymour said Stewart is accused of working with her stockbroker to concoct a story about why she sold 3,928 shares of ImClone Systems on Dec The judge had complained about heavy pretrial publicity and had barred reporters from watching jury selection But 17 media organizations, including The Associated Press, say such proceedings are normally held in open court "She tried to mislead investors Martha Stewart's Stock Sale Trial Opens Jan 27, 12:31 PM EST Martha Stewart lied to investigators and committed "serious federal crimes" by selling off stock based on a tip no one else had, a prosecutor charged Tuesday But the defense said the case was based on speculation and guesswork The government claims Stewart was tipped that ImClone founder Sam Waksal was trying to dump his own shares in his company Even before opening statements began, Cedarbaum dealt Stewart a setback Monday Waksal pleaded guilty to securities fraud charges and is serving a prison sentence of more than seven years after tipping his daughter to sell her shares of ImClone " Bacanovic's attorney, Richard Strassberg, told jurors that post-sale phone calls between his client and Stewart were not part of a cover-up, but a routine part of business " The jury of eight women and four men was seated Monday But Stewart's attorney, Robert Morvillo, said the case against his celebrity client was circumstantial at best " Among those in the courtroom for the trial were Stewart's daughter, Alexis, and her mother, Martha Kostyra "They have rushed to bring a case against Ms The judge said she closed the process because she wanted potential jurors to be as candid as possible The former "Baywatch" star was arrested around 11:20 p In 2002, Hasselhoff checked himself into the Betty Ford Center for treatment of alcoholism Saturday along the 17000 block of Ventura Boulevard in Los Angeles' Encino section, said Officer Sara Faden, a police spokeswoman No further details were immediately available " m Ex-'Baywatch' Star Hasselhoff Arrested Jun 7, 8:57 AM EST Actor David Hasselhoff was arrested over the weekend for investigation of driving while intoxicated, police said Monday The 51-year-old actor is best known for portraying lifeguard Mitch Buchannon in the long-running "Baywatch" TV series He was released the next morning He also starred in the 1980s television show "Knight Rider |
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