Justice Samuel Alito's Financial Disclosures Reveal Stock Ownership and Controversial Gifts

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ICARO Media Group
Politics
06/09/2024 23h41

In a recently released financial disclosure form, Supreme Court Justice Samuel A. Alito Jr. has revealed his ownership of individual stocks and a series of controversial gifts. The disclosure sheds light on potential conflicts of interest and highlights the ongoing debate around transparency in the highest court of the land.

According to the filing, Justice Alito received concert tickets valued at $900 from Gloria von Thurn und Taxis, a German princess known for her conservative Catholic views. The report does not provide details about the specific concert attended or how the trip to the venue was funded. The disclosure also shows that Justice Alito sold stock in Anheuser-Busch, the parent company of Budweiser and Bud Light, which has been targeted by anti-LGBTQ+ activists.

Justice Alito, who continues to own individual stock in over two dozen companies, including Abbott Laboratories, Boeing, and ConocoPhillips, is one of only two members of the Supreme Court who own individual stocks. While the practice is permitted, transparency advocates caution that it can potentially lead to conflicts of interest, requiring recusal from key cases.

Chief Justice John G. Roberts Jr. is the only other member of the high court who owns individual stocks, with most other justices investing in mutual funds. The disclosure form was released nearly three months after the reports of the rest of the justices, as Alito had requested an extension to file, a request he has made in previous years.

Notably, Alito's financial disclosure does not include any travel reimbursements, an area of interest following revelations in recent years about undisclosed private jet trips and lavish vacations taken by other justices. While Justice Clarence Thomas and Alito received private travel benefits, they argued that they were not obliged to disclose them.

In addition to the stocks and gifts, the disclosure form reveals that Alito has repaid a loan from Edward Jones, taken in 2015 and initially valued at between $250,001 and $500,000. The report also shows that Alito purchased stock in Molson Coors Beverage Company, which owns Coors and Coors Light.

Justice Alito holds three honorary unpaid positions at the Catholic University School of Law, Duke University School of Law's Bolch Institute, and the Franciscan Monastery for the Holy Land. However, this year he did not teach, as he has done in the past.

Financial disclosure forms are required by federal ethics law for all top officials, including the nine justices, to allow for the assessment of potential conflicts of interest. The scrutiny surrounding Supreme Court justices' financial filings has intensified in recent years, particularly after reports of Justice Thomas's undisclosed luxury vacations funded by a wealthy donor.

The filing by Justice Alito underscores the need for increased transparency in the Supreme Court and the ongoing discussions about ethics and potential conflicts of interest within the judiciary. The controversy surrounding gifts, stock ownership, and travel reimbursements continues to shape the public perception of the highest court in the land and its justices.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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