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Judge Rejects Martha
Stewart Bid for New Trial

5-5-4
 
NEW YORK (Reuters) -- Martha Stewart's bid for a new trial was rejected by a federal judge who ruled on Wednesday the lifestyle trendsetter received a fair trial when she was convicted of lying to investigators about a suspicious stock sale.
 
U.S. District Judge Miriam Goldman Cedarbaum, in a 23-page ruling, said that allegations that a juror concealed a previous arrest on charges of assault are "extremely unfortunate," but did not justify granting a new trial.
 
Stewart's lawyers argued that the juror's failure to disclose the event and some of the public statements he made after Stewart's conviction showed that deliberations in the trial were unfair.
 
The juror, Chappell Hartridge, was the first of the panel of eight women and four men to speak to reporters immediately after they convicted Stewart of lying to investigators over the stock sale.
 
Stewart, who built a media empire on tips for gracious living, was found guilty on March 5 of conspiring with her former Merrill Lynch stock broker to hide the reason behind her sale of shares in the biotech company ImClone Systems Inc. on Dec. 27, 2001.
 
She was convicted of one count of conspiracy, two counts of making false statements and one count of obstruction of agency proceedings. She is scheduled to be sentenced on June 17 and legal experts believe she will be sent to prison.
 
Cedarbaum also rejected a motion by Stewart's co-defendant, former stockbroker Peter Bacanovic, for a new trial.
 
Copyright © 2004 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
 
http://news.reuters.com/newsArticle.jhtml?type=topNews&storyID=5049201
 


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