Report: Stewart Lawyers Talking Deal

She could be charged with obstruction of justice instead of insider trading.
By TSC Staff ,

Lawyers for Martha Stewart reportedly met with government prosecutors as recently as last week to discuss a settlement of the allegations she faces, though no deal is imminent.

The efforts to settle claims Stewart had insider information when she unloaded a stake of

ImClone Systems

(IMCLE)

in 2001 came after the government ran into problems making a case against the CEO of

Martha Stewart Living

(MSO)

, the

Financial Times

reported.

A potential deal, which could focus on lesser charges of obstruction of justice, could be weeks away, the newspaper said.

Stewart has been under a government investigation for months, and the cost of the bad publicity and her legal bills has weighed heavily on shares of the company bearing her name. They traded around $20 at this time last year and go for roughly half that now.

Loading ...