It was one of the most celebrated insider-trading scandals of the last decade, sending Martha Stewart and her Merrill Lynch stock broker to prison, along with the chairman of a highflying biotechnology company whose social climbing had made him a boldface name.
Now, it turns out, if they only had been more patient investors, they might have done just fine, and avoided jail time.
In a strange twist, ImClone Systems -- the biotechnology company whose stock was dumped just before bad news was announced about an experimental cancer drug -- has received a multibillion-dollar takeover bid pegged to the success of that very same drug.
Read the full story here
Read about Carl Icahn, now ImClone's chairman, skipping the Yahoo annual board meeting
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