Monday, July 7, 2008

High Court Justices Cut Stock Holdings

Chief Justice John G. Roberts Jr. and Justice Samuel A. Alito Jr., whose investments forced them to sit out cases before the Supreme Court, have significantly reduced their stock holdings, their latest financial disclosures show.

Roberts sold all his shares in four companies last year -- Becton Dickinson, Cisco Systems, Citigroup and Merck -- worth $117,000 to $265,000.

Citigroup and Cisco were connected to pending cases in which Roberts initially declined to participate. Then he sold his shares in time to take part in the argument session and decision.

In those instances, Roberts became the eighth participating justice, averting the possibility of a 4 to 3 ruling.

In March, Roberts's stake in Pfizer left him unable to participate in a dispute over patient lawsuits against drugmakers. The court divided 4 to 4.

Alito sold all his stock in Intel, worth $15,000 to $50,000, and reduced his holdings in three other companies, Bristol-Myers Squibb, Exxon Mobil and McDonald's.

Read Article Washington Post

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