custom ad
BusinessJuly 14, 2004

NEW YORK -- Martha Stewart and her former stockbroker, Peter Bacanovic, will be sentenced separately on Friday, a clerk for the sentencing judge said Tuesday. Stewart will be sentenced at 10 a.m. and Bacanovic will be sentenced at 2:30 p.m., a clerk for U.S. District Judge Miriam Goldman Cedarbaum said. Both sentencings had previously been scheduled for 10 a.m...

The Associated Press

NEW YORK -- Martha Stewart and her former stockbroker, Peter Bacanovic, will be sentenced separately on Friday, a clerk for the sentencing judge said Tuesday.

Stewart will be sentenced at 10 a.m. and Bacanovic will be sentenced at 2:30 p.m., a clerk for U.S. District Judge Miriam Goldman Cedarbaum said. Both sentencings had previously been scheduled for 10 a.m.

There was no immediate explanation for why the sentencings were separated. Prosecutors declined to comment, and a Stewart spokeswoman did not immediately return a call.

Receive Daily Headlines FREESign up today!

Each defendant is expected to get 10 to 16 months in prison after being convicted of lying to the government about why Stewart sold 3,928 shares of ImClone Systems Inc. stock in late 2001, just before the price plunged.

Last week, Cedarbaum denied new-trial requests from both defendants based on allegations that a government witness from their first trial lied on the witness stand.

The judge said there was "no reasonable likelihood" that the allegedly perjured testimony could have affected the jury's verdict.

Story Tags
Advertisement

Connect with the Southeast Missourian Newsroom:

For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.

Advertisement
Receive Daily Headlines FREESign up today!