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BUSINESS: Mistrial denied in Martha case

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posted on Feb, 11 2004 @ 01:47 PM
Stewart's attorney says the case is really about insider trading, but the judge disagrees.
NEW YORK (CNN/Money) - The ninth day of the Martha Stewart trial opened with a bang Wednesday as her lawyer asked for a mistrial but the federal judge overseeing the case promptly denied the motion.

The attorney, Robert Morvillo, said the government's charges, which include reference to a "secret tip," were really about insider trading, meaning he should be allowed to try to exonerate Stewart by showing such trading never occurred.

"I have the right to prove a lack of motive by proving there was no insider trading," Morvillo told the court shortly after the day's proceedings began.

"You're saying this trial is being transferred to an insider trading trial?" Judge Miriam Goldman Cedarbaum said. "You read a secret tip as insider trading. That's not a ground for dismissing the indictment." And she dismissed the mistrial request.

[Edited on 11-2-2004 by SkepticOverlord]

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