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U In the statements, on June 12 and June 18, Stewart insisted she had a pre-existing deal with her stockbroker Peter Bacanovic to sell ImClone when it fell to $60 Earlier in the day, Stewart attorney Robert Morvillo tried to show jurors Stewart simply was trying to discredit inaccurate reports and was making smart business decisions when she issued the statements saying her ImClone sale was proper The government claims the real reason for the sale was that Stewart was tipped that ImClone founder Sam Waksal was trying to sell his shares James Greenwood, R-Pa S If convicted, she likely would get a lighter penalty than the maximum under federal sentencing guidelines " In another, Rep He showed jurors a slew of 2-year-old news reports that speculated she sold the stock on insider information and was romantically linked to the now-imprisoned Waksal, which Stewart has denied S The government claims Bacanovic sent word to Stewart through an assistant the day of the sale that Waksal was trying to dump his shares In one, a Minnesota Public Radio anchor refers to a purported romantic link between Stewart and Waksal and says: "It looks like Martha Stewart may have kissed and sold The charge of securities fraud carries a 10-year prison term The news reports are from early June 2002, when word leaked that Congress was investigating whether Stewart sold ImClone on insider information But Stewart was not charged with knowing about the insider information that led Waksal to sell Four other counts accuse her, in various ways, of lying to investigators about why she sold ImClone stock The government introduced a stock chart that showed spikes in the price of Martha Stewart Living Omnimedia immediately after Stewart issued statements denying wrongdoing in June 2002 27, 2001, just before the government rejected ImClone's application for review of a cancer drug, which sent the ImClone stock price down District Judge Miriam Goldman Cedarbaum said she kept reporters out of the process â€â€? usually open â€â€? because she was worried jurors might be less forthcoming about possible bias if they knew reporters were watching Prosecutors said they could rest as early as Thursday But the 2nd U Stewart sold on Dec Prosecutors Try to Prove Stewart Lied Feb 18, 5:46 PM EST Prosecutors tried to prove Wednesday that Martha Stewart propped up the stock price of her own company by lying to investors about why she sold ImClone Systems stock Prosecutors claim Stewart misled investors with the June 2002 statements and was trying to protect the hundreds of millions of dollars she owned in her own company's stock Still, Morvillo's questioning did not address a key element of the securities fraud charge â€â€? that Stewart's lawyer told The Wall Street Journal that Stewart and Bacanovic had an agreement to sell ImClone at $60 , says Stewart's ImClone sale "raises the specter of insider trading The government was nearing the end of its case against Stewart and Bacanovic, which has lasted almost four weeks Stewart immediately told Armstrong to change the message back to its original wording, Armstrong testified last week Blatt, a witness called by the government, also said he was alerted on Jan S Blatt, the former top lawyer at Stewart's company, told Morvillo that company officials were "concerned" about the storm of publicity because of the negative effect it could have on advertisers Meanwhile Wednesday, a federal appeals court ruled that the judge overseeing the trial was wrong to bar the news media from jury selection That was six days before Stewart altered a computer log of a message left by Bacanovic on the day she sold her ImClone shares, according to previous testimony by her assistant Ann Armstrong Circuit Court of Appeals called the media "a vital means to open justice" and said she had not met the heavy burden required to close jury selection officials wanted to question Stewart about her sale of ImClone "The mere fact of intense media coverage of a celebrity defendant, without further compelling justification, is simply not enough to justify closure," the appeals court ruled 25, 2002, that U It is the most serious of the five counts Stewart faces " Gregory R 1 million "It was a pretty typical post-Labor Day weekend: nothing spectacular, nothing too terrible," said Paul Dergarabedian, president of box office tracker Exhibitor Relations Co "Jeepers Creepers 2," $6 "S 1 and it could have been a lot worse "Dickie Roberts," a comedy starring David Spade as a down-on-his-luck former child star, debuted at No 2 million "Pirates of the Caribbean: The Curse of the Black Pearl," $5 7 million for the weekend 1 million, edging "The Matrix Reloaded" for the second-highest grossing film of the year Overall ticket sales of $50 "Uptown Girls," $2 "Seabiscuit," $3 "He was more successful (co-starring) with the late Chris Farley," said Brandon Gray, proprietor of movie tracker BoxOfficeMojo 10 1 with $7 million, according to studio estimates Sunday 3 4 million were down more than 14 percent from last year, when "Swimfan" topped the box office 6 'Dickie Roberts' Takes Over Box Office Sep 7, 1:15 PM EST The band of grown-up kiddie actors in "Dickie Roberts: Former Child Star" beat back the bloodthirsty bat-creature of "Jeepers Creepers 2" at the weekend box office The film appealed to family audiences, according to distributor Paramount Pictures, because it lacked gross-out gags and had an uplifting story about reclaiming the former star's lost childhood "The Order," $4 7 million </p > "The Order," a supernatural thriller starring Heath Ledger as a priest searching for a man who absorbs the sins of other people, debuted weakly in sixth place with $4 5 6 million com "Freddy vs The movie offerings generally attracted little interest, however, following the end of summer and the start to school for many children 7 "Pirates of the Caribbean: The Curse of the Black Pearl" saw its cumulative total surge to $282 2 Still, it earned less in its opening weekend than Spade's trailer-trash comedy "Joe Dirt," which debuted in April 2001 with $8 million 5 million ," $4 "I mean $7 million in this day and age is a pretty mediocre opening at best, but they can brag about being No 8 1 4 million "Freaky Friday," $5 3 million W Jason," $3 " Last week's top film, "Jeepers Creepers 2," about a flying beast that feeds on a group of stranded teenagers, was nudged into second place, earning $6 "Open Range," $4 million The film was the subject of squabbling between its makers and studio and was dumped into theaters without screening for critics 9 Meanwhile, "American Wedding" became the 20th film released in 2003 to cross the $100 million mark 7 million 4 A Estimated ticket sales for Friday through Sunday at North American theaters, according to Exhibitor Relations Co "Finding Nemo" is No Final figures will be released Monday 9 million "Dickie Roberts: Former Child Star," $7 million 3 million 1 with $333 He said the $7 million collected by "Dickie Roberts" doesn't compare to the $40 million to $70 million debuts of summer blockbusters, pointing out that this kicks off the downtime between summer extravaganzas and the next popular moviegoing season, the holiday weeks full of would-be Oscar-contenders T Inc |
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