Martha Stewart Living Omnimedia Inc.

Washington, DC: A class action lawsuit was filed against Martha Stewart's company alleging she lied about her sale of ImClone Systems Inc. shares in 2001. The consolidated class claimed the company, Stewart and other company officers made false and misleading statements about Stewart's sale of 3,928 ImClone shares in December 2001. Plaintiffs claimed the statements artificially inflated Martha Stewart Living's stock until the alleged falsity of the statements became public. Martha Stewart Living Omnimedia will pay $15 million, its insurers about $10 million and Stewart will pay $5 million. (Nov-08-06) [HOUSTON CHRONICLE: MARTHA STEWART SETTLEMENT]