Monday, August 7, 2006

Martha Stewart Settles Civil Insider-Trading Case - New York Times

The New York Times is reporting that Martha Stewart has settled the insider trading case with the SEC - agreeing to pay $195,000. No other details of the settlement were mentioned in the article.

I am assuming that the settlement is without admitting or denying the allegations of the SEC Complaint, but what is interesting is that the settlement is over 4 times the amount of her profits, as reported in early press reports.

While hindsight is always 20/20, for others, the entire case should be a lesson in dealing with prosecutors and government investigators. My original article on the case, The Story of Martha and The Telephone Call -Proving Aesop Right Once Again - We Often Give Our Enemies the Means of Our Own Destruction is online at SECLaw.com
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