Bloomberg Law has New Disclosure Site Slow to Post Judicial Stock Trading Reports
- The Courthouse Ethics and Transparency Act (P.L. 117-125), signed into law in May 2022, required the judiciary to establish an online database of publicly accessible financial disclosures submitted by life-tenured judges, including Supreme Court justices, as well as bankruptcy and magistrate judges. The law also made those judges subject to a 2012 law requiring federal officials to disclose periodic securities transactions worth more than $1,000 (PL-112-105).
- The law followed reporting by the Wall Street Journal that more than130 federal judges had failed to recuse themselves from cases involving companies in which they or family members held stock.
- Annual disclosures are due to be published within 90 days of submission, while interim reports must be filed within 45 days of the transaction, under a law that took effect last year.
- The information is coming in, but the judiciary’s administrative arm tasked with operating the searchable database has struggled to process and post the annual and periodic disclosures by an estimated 2,500 judges. Things are moving far more slowly than a similar database maintained by Congress.
Today's DJ also had Well-known appellate lawyer sued over fee dispute -- “This suit is meritless,” Norman Pine wrote in an email. “It is also important to note that the dispute has nothing to do with the client. Rather, it is a legal disagreement between two former co-counsel for the client about how the legal fees related to the representation should be divided.”
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