[SeMissourian.com] Overcast ~ 76°F  
River stage: 34.74 ft. Rising
Monday, July 14, 2014

Merrill Lynch assistant to testify in Martha Stewart case

Friday, September 27, 2002

NEW YORK -- The stock of Martha Stewart's media empire fell sharply Thursday after a published report said an assistant at Merrill Lynch has agreed to testify against her in the ImClone insider-trading case.

Prosecutors had sought to charge the assistant, Douglas Faneuil, with a felony of making false statements to investigators but agreed to a misdemeanor charge in exchange for his cooperation, The Wall Street Journal said, citing unidentified sources.

The charge is expected to be filed within days, the newspaper reported.

Martha Stewart Living Omnimedia declined 7.7 percent, or 60 cents a share, to close at $7.20 on the New York Stock Exchange.

Through his lawyer, Faneuil declined comment, as did federal prosecutors and a Stewart spokesperson.

¬


Fact Check
See inaccurate information in this story?


Respond to this story

Posting a comment requires free registration. If you already have an account on seMissourian.com or semoball.com, enter your username and password below. Otherwise, click here to register.

Username:

Password:  (Forgot your password?)

Your comments:
Please be respectful of others and try to stay on topic.