|Martha Stewart has already spent five months in federal prison and five months in house arrest for her crime.
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U.S. Court of Appeals
The ruling in U.S. Court of Appeals for the Second Circuit in New York found that "none of the numerous grounds upon which" Ms. Stewart challenged her conviction "provides a basis to disturb the jury's verdict."
Ms. Stewart has, of course, already completed the sentence stemming from that guilty verdict, which followed an investigation of suspicious sales of ImClone Systems stock shortly before a new ImClone drug was rejected by the FDA. She spent five months in prison, starting in October 2004, and another five months of house arrest.
New shows and products
Since her release from prison, Ms. Stewart has retaken the limelight with a popular new syndicated TV show called “Martha” and a poorly received “Apprentice” spin-off on NBC. Advertisers have also returned to her company’s flagship magazine, Martha Stewart Living. And just yesterday, Martha Stewart Living Omnimedia said it plans to introduce a line of Martha-branded crafts products in a joint venture with EK Success.
While her business is on the mend since her return to the company and many advertisers seem to have forgiven her transgression, overturning her conviction would have created a thunderclap of positive public relations.
'We are disappointed'
“We are disappointed for Martha but this does not affect her ability to continue to do everything she’s been doing for the company since coming home,” a spokeswoman for Martha Stewart Living Omnimedia said.