Breyer sold Wal-Mart stock in preparation for hearing in Dukes case

Bloomberg has the story.

Comments

[Richard W. Painter]

See my post above on potential insider trading liability when judges hold onto stock and then sell it in order to participate in a specific case. I am not saying that is what happened here, because the stock could have been sold before there was any nonpublic discussion of the case at the Court. Still, waiting to sell the stock until the case comes before the Court is a very risky move. This stock should have been sold a long time ago.