MGSC14H3 Lecture Notes - Lecture 12: Making False Statements, Maple Leaf Foods, Distributive Justice
Document Summary
Martha stewart is a millionaire and the president of martha stewart living. On december 27th,2001, she sold her shares of imclone based on a tip from her. This transaction made her avoid losing around 46 thousand dollars. However, several months later, she began to fight against allegations from security and exchange commission since martha was used to trade with nonpublic material information. Imclone samuel waksal relayed the information to his family and also the broker of. Secondly the result was that both of ceos were charged, sam was arrested. Douglas eventually came forward with incriminating evidence that proved martha"s cutoff policy was a lie. Lastly, broker"s assistant came forward about lie: martha"s broker peter and. Her company suffered, loss of public trust, stock price went down. Two of his family members sold million worth of stock, and he tried to sell. Refused to cooperate & provide cell phone records for investigation.
