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com I later denied any wrongdoing in public statements and voluntary interviews with prosecutors "Martha Stewart is being prosecuted not because of who she is but because of what she did," he said At a news conference, Manhattan U She was not charged with insider trading, a more difficult charge to prove than fraud Any sentences would likely be much lighter under federal guidelines She pleaded innocent on all counts before a federal judge, saying "not guilty" in a calm, deliberate tone and with little expression on her face com Martha Talks: http://marthatalks They see their fortunes rise and fall based on what is public marthastewart He could get six to seven years in prison, plus fines Attorney James Comey told reporters the case was about Stewart's alleged lies â€â€? to the SEC, the FBI and to her own investors They don't have access to the kind of information she had," Rashkover told NBC's "Today" show " The charges carry a maximum penalty of 30 years in prison and a $2 million fine for Stewart, and 25 years and $1 Following the indictment, the Securities and Exchange Commission filed a civil complaint seeking to ban Stewart, 61, from ever leading a public company and to limit her activity as officer of a public company The indictment stems from Stewart's sale of nearly 4,000 shares of ImClone Systems on Dec Stewart's resignation came hours after federal prosecutors in New York charged her with obstruction of justice, conspiracy, securities fraud and lying to investigators The securities-fraud charge claims Stewart misled her own shareholders last summer, playing down the scandal in a clear attempt to keep her company's stock price from falling Her attorney said Stewart was being unfairly targeted â€â€? perhaps because of her extraordinarily high profile "Based in large part on prior discussions with my broker about price, I authorized a sale of my remaining shares in a biotech company called ImClone Bacanovic also pleaded innocent to all counts against him, including perjury and obstruction of justice Revenue in the first quarter dropped 15 percent from the same period a year earlier : http://www : http://www 27, 2001 â€â€? the day before a disappointing Food and Drug Administration report that sent the biotech company's stock price tumbling Still, according to the government, Bacanovic's tip on the Waksals was funneled through Douglas Faneuil, an assistant who pleaded guilty last year to a misdemeanor charge of taking gifts to keep quiet about Stewart's stock sale S If convicted, she could be sent to prison com/ ImClone Systems Inc Regulators also want the court to force Stewart and Bacanovic to pay more than $45,000 â€â€? the losses they say Stewart avoided by unloading ImClone stock before Wall Street learned legally that the FDA had declined to review ImClone's application for approval of its cancer drug Erbitux She plans to stay on as creative chief and a member of the board At Stewart's company, the scandal had already caused earnings to slump Barry Rashkover, associate regional director of the SEC in New York, said Thursday when asked about Morvillo's complaint, "It wouldn't be appropriate not to charge her because she's a celebrity The government's attempt to criminalize these actions makes no sense to me The queen of home decor resigned late Wednesday as chairwoman and CEO of Martha Stewart Living Omnimedia, which made her a fortune and stamped her style on everything from magazines and TV screens to bed linens and bath towels The indictment does not claim Stewart had specific knowledge of the FDA decision â€â€? only that the Waksals were about to dump shares Waksal, a longtime friend of Stewart, will be sentenced next week after pleading guilty to six counts in the insider-trading scandal imclone " "The average investor has to make investment decisions based on what is public Attorney Robert Morvillo also asked: "Is it because she is a woman who has successfully competed in a man's business world by virtue of her talent, hard work and demanding standards?" At a hearing before U Stewart even deleted a computer log of a phone message in which Bacanovic told her he thought ImClone was "going to start trading downward," according to the indictment In an open letter published as a full-page ad in USA Today on Thursday, Stewart said, "I want you to know that I am innocent â€â€? and that I will fight to clear my name " "I simply returned a call from my stockbroker," Stewart wrote District Judge Miriam Goldman Cedarbaum, Stewart was released without bail until her next court appearance June 19 Also indicted was Peter Bacanovic, Stewart's former broker at Merrill Lynch, who prosecutors say illegally sent word to Stewart that the family of ImClone founder Samuel Waksal was planning to unload shares 25 million for Bacanovic Stewart Claims Innocence in Newspaper Ad Jun 5, 9:38 AM EST Martha Stewart took her defense straight to the public Thursday, writing in a newspaper ad "I am innocent" and "will fight to clear my name" in a federal insider trading case that pressured her to step down as head of her retail and media empire S Stewart ignored reporters and camera crews as she entered and left the federal courthouse in lower Manhattan â€â€?â€â€?â€â€? On the Net: Martha Stewart Living Omnimedia Inc "We might not have had the same impact in the opening weekend, but you need to play this out for the next few weeks and see if we play a little catchup 6 16 million in its opening weekend â€â€? off 45 percent from the previous chapter's weekend debut "The Matrix Revolutions," $50 6 million 1 "I don't know how you point a finger and say there's anything wrong there 16 million "I don't know what film could do $90 million and then repeat that with its next sequel just six months later," said Paul Dergarabedian, president of box-office tracker Exhibitor Relations 3 1 million domestically 8 million weekend debut and took in $134 'Matrix' Sequel Opening Off 45 Percent Nov 9, 3:13 PM EST The sci-fi Matrix saga lost some of its spin at the U 8 million â€â€? was greatly due to pent-up demand since the original movie "Radio," $7 1 million The movie's sleek black fashion sense and slow-motion visual effects have become one of the most copied looks in movie history 8 (tie) "Love Actually," $6 Films tend to have longer shelf life over the holidays than they do in summer-blockbuster season, he said "Anytime you have a billion dollars in box office, that's pretty impressive," Joel Silver, producer of "The Matrix" franchise, said Sunday 15 million 4 " Still, interest clearly has waned in the franchise, which began in 1999 with the Wachowski brothers' "The Matrix," starring Keanu Reeves, Laurence Fishburne and Carrie-Anne Moss 6 million "Reloaded's" opening weekend â€â€? the second-best ever after "Spider-Man's" $114 8 million 1 million "Scary Movie 3," $11 1 million in five days, beating the previous global high of about $200 million for "The Lord of the Rings: The Two Towers S 1 " Estimated ticket sales for Friday through Sunday at North American theaters, according to Exhibitor Relations Co Final figures will be released Monday 2 "We were not trying to be No Despite the domestic debut for the final "Matrix" chapter, the "Matrix" franchise this year already is pushing the $1 billion mark "Runaway Jury," $4 "Revolutions" lacked that buildup 7 "Revolutions," pummeled by critics as harshly as "The Matrix Reloaded" was last May, has grossed $85 "Brother Bear," $18 " "Elf" and "Love Actually" were scheduled against "Matrix Revolutions" as alternatives to the sci-fi franchise, whose core audience is younger males Distributor Warner Bros While the numbers are high, they are still down from "Reloaded," which had a $91 5 8 million 4 million Dan Fellman, head of domestic distribution for Warner, said "Matrix Revolutions" may hold up better in subsequent weeks than did "Matrix Reloaded," whose grosses nose-dived in its second weekend "The story really isn't over yet," Fellman said Many fans of the original were disappointed by "Matrix Reloaded," finding it a lackluster followup that emphasized style over substance 10 " Will Ferrell's Christmas comedy "Elf," about a human raised among the little people at the North Pole, opened strongly in second place with $32 "The Texas Chainsaw Massacre," $4 " Warner opened the movie simultaneously in a record 109 countries, where it racked up a worldwide total of $204 Families and children accounted for most of the crowds at "Elf," while "Love Actually" played mainly to women and older adults Playing in 3,502 theaters domestically, "Matrix Revolutions" averaged $14,322 a cinema from Friday to Sunday, down from a $25,472 average for "Matrix Reloaded In narrower release, the romantic comedy "Love Actually" had a healthy debut with $6 6 million, coming in at No "Mystic River," $4 6 5 million domestically since debuting Wednesday, according to studio estimates Sunday box office, with "The Matrix Revolutions" pulling in $50 "The School of Rock," $3 " "Love Actually," with an ensemble cast including Hugh Grant, Emma Thompson, Liam Neeson and Laura Linney, averaged $11,458 in 576 cinemas, while "Elf" averaged $9,619 in 3,337 theaters "We assumed we would be swamped, and essentially, we did get swamped" by "Matrix Revolutions," said Russell Schwartz, head of domestic marketing for "Elf" distributor New Line preferred to focus on the worldwide results for "Revolutions 2 million over its first four days 83 million Inc 8 (tie) "Elf," $32 |
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