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06-04-2003
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#27 | |||||||||||
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Stay Out Of The Box
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Join Date: Oct 2002
Location: Lost in the ozone
Posts: 10,318
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The criminal Charges: from Reuters: http://reuters.com/financeNewsArticle.jhtm...storyID=2877910 Stewart Faces Obstruction, Fraud Charges Wed June 4, 2003 12:52 PM ET NEW YORK (Reuters) - Martha Stewart and her former stock broker were charged with obstruction of justice on Wednesday, prosecutors said, in a case built from Stewart's sale of shares of ImClone Systems Inc.. Stewart, 61, was also charged with securities fraud and making false statements, according to a statement from James Comey, U.S. Attorney for the Southern District of New York. Peter Bacanovic, a former Merrill Lynch & Co. stock broker, was charged with perjury in addition to the obstruction charge, the prosecutor said. A news conference on the matter was scheduled for mid-afternoon. ************************************************** ** The civil suit .... From Newsday: http://www.newsday.com/business/printediti...-business-print WAYNE M. CARLIN (WC-2114) Regional Director Attorney for Plaintiff SECURITIES AND EXCHANGE COMMISSION Northeast Regional Office 233 Broadway New York, New York 10279 (646) 428-1510 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION, Plaintiff, -against- MARTHA STEWART and PETER BACANOVIC, Defendants. -------------------------------------------------------------------------------- : : : : : : : : : : : 03 CV 4070 (NR  COMPLAINT Plaintiff Securities and Exchange Commission ("Commission"), for its Complaint against defendants Martha Stewart ("Stewart") and Peter Bacanovic ("Bacanovic") (collectively the "Defendants"), alleges as follows: The Commission charges Stewart and Bacanovic with committing securities fraud by engaging in illegal insider trading................................... ..................................... WHEREFORE, Plaintiff respectfully requests a Final Judgment: Permanently enjoining the Defendants, their agents, servants, employees, and attorneys, and all persons in active concert or participation with them who receive actual notice of the injunction by personal service or otherwise, and each of them, from future violations of Section 17(a) of the Securities Act, 15 U.S.C. § 77q(a), Section 10( of the Exchange Act, 15 U.S.C. § 78j(, and Rule 10b-5 promulgated thereunder, 17 C.F.R. § 240.10b-5;Ordering the Defendants to disgorge, jointly and severally, the losses avoided by Stewart's sale of ImClone securities and to pay prejudgment interest thereon; Ordering the Defendants to pay civil money penalties pursuant to Section 20(d) of the Securities Act, 15 U.S.C. § 77t(d), and Sections 21(d) and 21A of the Exchange Act, 15 U.S.C. § 78u(d)(3) and § 78u-1; Ordering that Stewart be barred from acting as a director of, and limiting her activities as an officer of, any issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act, 15 U.S.C. § 781, or that is required to file reports pursuant to Section 15(d) of the Exchange Act, 15 U.S.C. § 78o(d); and Granting such other relief as the Court shall deem just and proper. Dated: New York, New York June 4, 2003 _______________________________ WAYNE M. CARLIN (WC-2114) Regional Director Attorney for Plaintiff SECURITIES AND EXCHANGE COMMISSION 233 Broadway New York, New York 10279 Tel: (646) 428-1510 Of Counsel: Barry W. Rashkover Helene T. Glotzer Andy Calamari Bruce Karpati Jill M. Slansky (Admitted in California but not the S.D.N.Y.) ************************************************** * I should have bet the $50 apriori..... ************************ Quote:
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