Wednesday, November 10, 2004

Cheap Martha Stewart sends bill to her company!

Martha Stewart sends legal bill to her company

FROM ASSOCIATED PRESS

WASHINGTON — Martha Stewart is asking the company she founded to reimburse about $3.7 million (figures U.S.) of the legal fees she incurred while on trial earlier this year for obstruction of justice and other charges, according to a regulatory filing late Tuesday.

Martha Stewart Living Omnimedia Inc. made the disclosure in its quarterly report filed with the Securities and Exchange Commission after markets closed Tuesday. The filing said Stewart submitted the claim pursuant to the company's bylaws.

The New York-based media and housewares company didn't say whether it planned to honour Stewart's request.

Stewart was convicted in March of lying to investigators about her sale of ImClone Systems Inc. shares. She is serving a five-month prison sentence in West Virginia that began Oct. 8.

After her release, the domestic diva, who owns about 60 percent of the company's shares, will be serving another five months of house arrest. She is appealing her case.

No comments: