Jump to content
Our website is made possible by displaying online advertisements to our visitors.

Please consider supporting us by disabling your ad blocker.

Three Supreme Court Justices Have Been Ruling On Cases Involving Companies Whose Stock They Own

Rate this topic

Recommended Posts

 CSB    1,660

 The Supreme Court’s top justice and two associate justices have repeatedly ruled in cases involving companies in which they owned stock, according to a court watchdog group.

The organization Fix the Court says in a report (pdf) that Chief Justice John Roberts and Associate Justices Stephen Breyer and Samuel Alito have created potential conflicts of interest by participating in decisions that potentially affected their stock portfolio.

Fix the Court reviewed cases heard by the court between 2009 and 2013, and focused on 19 cases in which the three justices owned stock in companies that filed “friend of the court” or amicus curiae briefs. The report says that, in those cases, 68% of the time Roberts, Breyer and Alito sided with the companies in which they owned stock.

The other six justices were omitted from the study because they don’t own a significant amount of common stock in individual companies.

The 19 conflict-of-interest cases involved such matters as mandatory arbitration, affirmative action, and corporate immunity for international law violations.

Examples provided by Fix the Court include three class-action cases, Wal-Mart v. Dukes (pdf), AT&T v. Concepcion (pdf), and Comcast v. Behrend (pdf), in which Roberts owned up to $100,000 in shares of Intel (which filed a brief in support of Comcast); up to $100,000 in shares of Dell (which supportedAT&T) and up to $400,000 combined in shares of Intel, Microsoft and Hewlett-Packard (which filed for Wal-Mart).

In another case, Kiobel v. Royal Dutch Petroleum (pdf), Breyer and Alito sided with the defendant, which was supported by IBM (Breyer owned up to $50,000 in shares) and by CaterpillarChevron,ConocoPhillips, IBM and Proctor & Gamble (Alito owned as much as $280,000 in these companies).

Not once did any of the justices recuse himself from a case due to an amicus-related conflict of interest, according to Fix the Court.


Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up to our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  1. Jump To Top