Securities Law
Martha Stewart Living Settles Class Action
Posted May 31, 2007 11:45 AM CST
By Debra Cassens Weiss
A federal judge has approved a $30 million settlement of a class action lawsuit brought by shareholders of Martha Stewart Living Omnimedia.
Martha Stewart will personally pay $5 million of the settlement, Reuters reports. She served five months in jail for lying to investigators probing her sale of stock in ImClone Systems.
The suit had contended the shareholders lost money because of the scandal and misleading statements made by the company.
- Law Firm Price Wars Break Out as Some Try ‘Loss Leader’ Bids for Work
- Five Questions for Law Firms Abandoning Lockstep Compensation
- Judge Jails 2 Attorneys for Contempt in 4 Days
- LSAT Test-Takers Jump by Nearly 20%; Should They Consider the Alternatives?
- Court Deputy Ordered to Apologize or Face Jail After Taking Lawyer's Paperwork
- Skadden Jumps on the Bonus Bandwagon
- ABA Executive Director Resigns
- Several States Move Closer to National Bar Exam
- Nasty Attitude to Co-Worker, Naughty Word in Web Comment Cost 2 Their Jobs
- Depressed Woman Loses Leave Benefits After Facebook Shows Her Having Fun
Should Supreme Court Justices Be Able to Review News Accounts Before Publication?
Comments
Add a Comment
We welcome your comments, but please adhere to our comment policy.
Commenting has expired on this post.