New York's Office of Court Administration on Thursday relaxed a rule that had required judges to disqualify themselves whenever they own stock in companies involved in cases before them, "no matter how small" the amount. The amended rule requires judges to use their discretion and disqualify themselves if their stock interest is "more than de minimis." The rule uses the disqualification test adopted in 1991 by the ABA and by more than half the states since then.
Minimal Stock Holdings Will Not Keep Judges Off Companies' Cases
New York Law Journal
September 10, 2004