Martha Stewart

The following day Stewart forwarded a copy of this email to her daughter, Alexis Stewart. On August 12, 2002, the grand jury investigating the situation issued a subpoena to Martha Stewart Living Omnimedia (MSLO) looking for documents with regards to the sale of ImClone stock and all desktop and laptop computers applied by Stewart and several other MSLO employees. MSLO reached a compromise with the Government, agreeing to supply the computers and the Federal government agreeing not to examine the computers until MSLO identified the files pertinent towards the ImClone sale, due to the fact they did not want to give the federal government access to all their firm files. They also handed more than files under the exact same conditions. They submitted logs of documents, and determined how the emails from Stewart to her attorney and her daughter have been privileged and neither appeared on the logs. However, MSLO inadvertently omitted the June 24 email to Stewart's daughter during the privileged list and it was created accessible to the Government in the difficult copy logs. As being a result, the grand jury returned an indictment on June 4, 2003 charging Stewart with conspiracy, obstruction of justice, creating false statements, and securities fraud.

Shortly afterwards, an Assistant United States Attorney, not knowing from the agreement in between MSLO and also the Government.

Throughout the trial, the Federal government portrayed Stewart as a liar who had conspired with her stockbroker to cover up that she had sold her ImClone stock in December, 2001 after learning that Waksal and his a couple of daughters have been selling thousands of shares they held from the company (Lazaroff, Skertic and Countryman, 2004). Waksal was convicted in 2003 of insider trading and is serving a seven-year sentence in a federal prison.

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