Martha Will Fight!

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Court papers filed on behalf of Martha Stewart yesterday indicate that she will fight the SEC's civil charges of insider trading related to her sale of ImClone stock in 2001. The decision to contest the charges surprised some observers who expected Martha to attempt to avoid another public trial. Someone familiar with the case, however, tells DealBreaker that Martha instructed her lawyers to turn down any settlement offer that involved an admission of wrongdoing.
Fortunately, the first hearing is not scheduled until November so Martha's summer schedule is intact.
Stewart to fight insider trading charges [Bloomberg in Chicago Tribue via
DealBook]

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