Chief Justice John Roberts has sold his shares of Pfizer Inc., a move that allows him to participate in two pending Supreme Court cases involving the pharmaceutical maker. In the past, Roberts has not taken part in cases involving Pfizer because he owned less than $15,000 of the company's stock. Supreme Court spokeswoman Kathy Arberg offered no explanation for Roberts' decision to sell the stock now, but it appears likely that Justice Elena Kagan's need to sit out the two cases played a role in Roberts' timing.
September 30, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Chief Justice John Roberts has sold his shares of Pfizer Inc., a move that allows him to participate in two pending Supreme Court cases involving the pharmaceutical maker.
Federal law requires judges to sit out cases if they own even a single share of stock in any of the parties to a lawsuit. In the past, Roberts has not taken part in cases involving Pfizer because he owned less than $15,000 of the company’s stock, according to his latest report of personal finances, which covered 2009.
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