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Judge Learns of Stock Ownership After Gulf Moratorium Hearing
Written by  // Monday, 28 June 2010 12:24 //

The  chamber of Martin Feldman, the US District Judge in New Orleans, who overruled the very controversial six-month moratorium overturning the ban on deepwater oil drilling in the Gulf of Mexico after the BP oil spill has released a statement that refers to his prior ownership of Exxon stock.

"The judge was told by his broker that the stock was sold at the opening of the market in New York on Tuesday, June 22nd and several hours before the Court made its decision.

He only learned about his stock ownership at 9:45 pm Monday the 21st and because he remembered that Exxon,  who was not a party litigant in the moratorium case, nevertheless had one of the 33 rigs in the Gulf, the judge  instructed his broker  to sell Exxon and XTO as soon as  the market opened  the next morning.
The judge doesn’t know whether there was a profit or a loss on the sale."
Chamber of Judge Martin Feldman

Last week, Bayoubuzz published the  following column

Judge Faces Death Threats After BP Gulf Oil Drilling Moratorium Ruling

 

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