All nine justices step aside, or “recuse,” from cases from time to time due to a conflict of interests. Many of these are not preventable; for example, Justice Alito steps aside when his sister, a labor lawyer, is involved in a high court case, and Justice Breyer does the same when his federal judge brother was involved at an earlier stage. (We’d like the justices to publicize their reasons for recusal, and until they do, we’ll publish periodic reports where we seek out their reasoning.)
There are other conflicts that should be minimized, such as ownership of stocks in individual companies. After all, when a justice steps aside from a case due to any conflict, there’s the potential for a 4-4 tie, which means everyone’s time is wasted.
We believe there’s no reason for the justices to own common stock in companies that may easily find themselves before the justices. To fix this, the justices should be required to either sell their individual stocks or only hold bonds, mutual funds and index funds, which would give the justices the ability to keep a foothold in the market through a wide variety of instruments while tamping down the notion that they’re not fully impartial when deciding cases that involve business interests.
If they and their colleagues on lower courts insist on owning individual stocks, at the very least their stock sales and purchases should be posted online for the public to see within a few weeks of a transaction, which is what is required of members of Congress and top executive branch officials.