Just Another Blog
Wednesday, June 12, 2002
 
Martha Stewart In Troule?

Martha Stewart's ex-boyfriend has been arrested for insider trading. The former CEO of ImClone Systems apparently told at least two people that the company was not going to receive FDA approval for a cancer fighting drug prior to that information being made public. It is unclear whether Martha Stewart had any non-public information when she sold 3,000 shares of ImClone just before the announcement. Stock in her company is down big today on worries that her image may end up tainted.