Judges and Judiciary
Apr. 17, 2009
California Justices Sell Stocks to Avoid Conflict
The justices have been more vigilant about conflicts since they were forced to dismiss a multimillion-dollar toxic tort case because four of the seven held stock in the oil company defendants.
Daily Journal Staff Writer SAN FRANCISCO - Judicial ethics, along with a little old-fashioned market panic, prompted several California Supreme Court justices to sell stocks in 2008. The sell-off may not have saved the justices' individual portfolios, which likely were battered by the drop in the Dow like everyone else's. But it has lessened the chances that their financial holdings will interfere with their ability to hear cases. <...
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