Business Services Industry
Hartford, Conn., Law Firms Seeks Plaintiffs for Suit against Martha Stewart.
Knight Ridder/Tribune Business News, October, 2002
By Stephania H. Davis, Connecticut Post, Bridgeport Knight Ridder/Tribune Business News
Oct. 3--A Hartford law firm specializing in class action lawsuits is seeking plaintiffs for a suit filed in New York against domestic diva Martha Stewart and her media company, Martha Stewart Living Omnimedia Inc.
The suit alleges that because of Stewart's recent troubles -- a federal investigation into her alleged dumping of ImClone shares a day before the company's stock plummeted -- the value of MSLO shares has been hurt. The suit seeks to recover damages for all members of the class, however large it might eventually become. Stewart owns a home in Westport, Conn.
"Lots of people have contacted us," said Andrew Schatz of Schatz & Nobel of...
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