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.

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