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A judge who overturned a $72 million verdict against Boeing disclosed he bought and sold Boeing stock while hearing the case (www.businessinsider.com)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 16 points 2 months ago (2 children)

Judge James Robart told Business Insider a bank that managed his wife's individual retirement account purchased Boeing stock in April 2023. He said as soon as he learned about it, he had the stocks sold; his financial disclosures said the shares were sold on two dates in May and June.

It's not clear whether Robart's wife made money on the trades overall. Based on the prices that Boeing shares traded at on the days her IRA bought and sold the shares, at least one of the two sales was a money-loser, while the second could have been profitable.

Bro actually reported this to the newspapers, was probably not profiting over the case

[–] [email protected] 5 points 2 months ago

Yeah, I admit I got lazy with the title, I apologize for that. What's more interesting to me is the comment of "several millions of dollars' worth in financial assets", which is unsurprising for an oppressor, but still fucks me up

[–] [email protected] 7 points 2 months ago (1 children)

Yeah as much as I'd like to hate on the American justice system this is a nothingburger. My retirement account probably has Boeing in it too considering I set it to buy the S&P 500 and never thought about it again.

[–] [email protected] 4 points 2 months ago (1 children)

You're a federal judge ruling on a Boeing case?

[–] [email protected] 2 points 2 months ago (1 children)

If only. Things would go a little different.

No, my point is that unless you're day trading, chances are you just use an index fund and have virtually no control over what you're investing in.

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

If the judge has no control, how did he buy and sell the stocks? He (or his wife) was "advised" completely independent of the case he's on?

Pelosi's husband makes a lot of stock moves too.

"No biggie guys! It was my stupid wife just making money accidentally!"