Homework

1. Did Martha Stewart commit the crime of insider trading when she sold her ImClone shares on December 27, 2001?

2. Did the U.S. attorneys and the Securities and Exchange Commission use good judgment in in- dicting Martha Stewart? Do you believe that her indictment was based on evidence of a serious crime, or do you believe that prosecutors con- sciously or unconsciously had additional motives for pursuing the case?

3. Do you agree with the jury that she was guilty be- yond a reasonable doubt of the conspiracy and obstruction of justice charges?

4. Was her punishment, including both imprison- ment and fines, appropriate? Were the punish- ments of Peter Bacanovic and Douglas Faneuil appropriate?