Martha Stewart to settle civil insider-trading charges

Media personality Martha Stewart wil pay about $195,000 (€152,000) and cannot serve as the director of a public company for five years under a settlement announced on civil insider-trading charges with the Securities and Exchange Commission.

Media personality Martha Stewart will pay about $195,000 (€152,000) and cannot serve as the director of a public company for five years under a settlement announced on civil insider-trading charges with the Securities and Exchange Commission.

Under the settlement, the founder of Martha Stewart Living Omnimedia Inc., a multimedia empire dedicated to stylish living, agreed to pay a total of about $195,000 (€152,000) relating to losses the government said she avoided on her sale of ImClone Systems Inc. stock in December 2001.