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Strategies & Market Trends : Take the Money and Run

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To: Alan Smithee who wrote (15752)	8/21/2002 7:43:24 PM
From: Lizzie Tudor	Read Replies (2) of 17639

The suit, seeking class-action status, was filed by New York law firm Milberg Weiss Bershad Hynes & Lerach LLP on behalf of purchasers of the securities of Martha Stewart Living between Jan. 8, 2002 and July 24, 2002. The suit alleges that Ms. Stewart and her associates sold their shares for $79 million with knowledge "of the fact that Stewart was secretly being investigated for insider trading and that this would severely damage Stewart's image, the company' s most precious asset.'' Thats going to be hard to prove though... because the whole mkt was in freefall at the time and it was prudent to sell. Martha and Waksal are toast just because they are amusing to watch too, which is unfortunate (for them). Winnick of Global Crossing was such a worse offender but not much coverage for him. Waksal's kindof a hoot. L

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