Even the most hardened tort reformers and business advocates can celebrate today! Milberg Weiss has reached a $30 million settlement on behalf of shareholders of Martha Stewart Omnimedia. The queen of mean herself is obligated to personally pay $5 million based on the terms of the settlement.

Halelujah, y'all.

Let the lion lay down with the lamb, if only for this brief, unifying moment in time.

As you may recall, America's favorite domestic despot was convicted in March of '04 and, due mostly to her own stubbornness, ended up serving 5 months in a minimum security prison instead of, you know, admitting she did something wrong in taking advantage of insider information in trades of ImClone stock.

-- MDT

Labels: insider trading, Martha Stewart, Melvyn Weiss, Milberg Weiss