|Martha Stewart will not step down.
MARTHA STEWART TO BE INDICTED
U.S. Attorney Requests Grand Jury Action
Takes no questions
After reading the short statement on the sidewalk, Mr. Martinez declined to answer questions and walked away.
The action in front of the Equitable Building on 7th Avenue capped a frantic day of activity for the beleagured media company and its leader, who is the subject of two separate investigations. In early morning, Omnimedia announced that it was told by the U.S. Attorney's Office that Ms. Stewart is the subject of a federal criminal investigation and would soon be indicted.
But later in the morning, as the board and the shareholders of Omnimedia gathered for meetings in the Equitable Building, speculation swirled through press and analysts circles that Ms. Stewart might be planning to relinquish her position at the helm of the company.
By midday, Ms. Stewart's attorney, Robert Morvillo, issued a statement to the press saying that "If Martha Stewart is indicted, she intends to declare her innocence and proceed to trial."
Martha Stewart did not attend
Mr. Martinez and others exiting the corporate gathering said it was a quiet affair and that Ms. Stewart did not attend either the directors' or shareholders' meeting.