STOCK MARKET WATCH -- Monday, 27 July 2015

[Demeter]

29. Rampant Corporatism: SCOTUS Justices Rule in Favor of Companies they Own Stock In, 90% of the Time

Three Supreme Court justices didn’t recuse themselves from cases in which they held stock in companies interested in the outcomes...

3 GUESSES WHICH 3, SAME DEAL AS BEFORE!

http://www.alternet.org/economy/rampant-corporatism-scotus-justices-rule-favor-companies-they-own-stock-90-time?akid=13333.227380._NtRBA&rd=1&src=newsletter1039927&t=21

Three Supreme Court justices didn’t recuse themselves from cases in which they held stock in companies interested in the outcomes. Nearly 90 percent of the time, they sided with these businesses that filed ‘friend of the court’ briefs, a new report said.

Chief Justice John Roberts and Associate Justices Stephen Breyer and Samuel Alito own shares in several publicly traded companies, according to their 2014 financial disclosure reports. From July 2014 through June 2015, seven cases before the Supreme Court featured amicus curiae ‒ or friend of the court ‒ briefs by companies in which the three justices were stockholders. These filings allow parties that will be affected by a ruling, but are not directly involved in a case, to introduce“relevant matter not already brought to [the Court’s] attention,” the Supreme Court rules read.

Justices are not obligated by law to disclose if they have relation to parties that act as amici ‒ Latin for “friends” ‒ although they have to sit out if they are involved with one of the named parties.

None of the three men recused themselves from the bench in any of those seven cases. On top of not recusing themselves, the three justices “sided with their amici 89 percent of the time, or eight out of nine times,” an analysis by Fix the Court, a non-partisan organization dedicated to increasing transparency and accountability by the Supreme Court, found (emphasis original)....

MORE CORRUPTION AT LINK