[b]Stewart's shares plunge almost $200M since questions arose about her sale of stock in pal's company.[/b]
NEW YORK (CNN/Money) - Martha Stewart's holdings in her own company have taken nearly a $200 million hit, wiping out more than a quarter of her net worth according to one estimate, since she became linked to an insider trading scandal involving drugmaker ImClone Systems Inc.
Stewart has insisted she did nothing wrong when she sold nearly 4,000 shares of ImClone stock Dec. 27, the day before it was revealed that the Food and Drug Administration had refused to consider an application for the company's key cancer drug. She saved between $40,000 and $57,000 by selling when she did rather than on the first trading day after the news of the FDA action was revealed.
But the sale has forced her to defend herself to congressional, Securities and Exchange Commission and Justice Department investigators, issue two statements about the transaction, and face hundreds of media stories about her stock sale.
Stewart has insisted she did nothing wrong when she sold nearly 4,000 shares of ImClone stock Dec. 27, the day before it was revealed that the Food and Drug Administration had refused to consider an application for the company's key cancer drug. She saved between $40,000 and $57,000 by selling when she did rather than on the first trading day after the news of the FDA action was revealed.
[url]http://money.cnn.com/2002/06/24/news/companies/martha_holdings/index.htm[/url]
Here is a great Martha site!
Gothic Martha Stewart!
[url]http://www.toreadors.com/martha/[/url]
I love Martha Stewart. I want to do here all day and night.
I could break that bitch.
I would rub my zit puss all over her.
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