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Much of the sensational reporting on Feldman’s investments was based on outdated information. The Judge was blasted for owning stock in Transocean, Ltd and Halliburton, two of the major companies involved in the Deepwater Horizon disaster. Feldman owned those stocks in 2008; however, he sold those shares long before issuing his ruling this week. In fact, this updated information will be released in the next report on his stock holdings.
If Feldman held financial interests in any of companies involved in the lawsuit or the Deepwater Horizon rig, he would not have been allowed the take the case. The 5th District Court uses a sophisticated computer system to check whether judges have a conflict of interest in any legal proceeding. This system automatically determines whether a judge needs to be recused from a particular case. In this lawsuit, Feldman was allowed to take the case because he did not own any stock related to the parties involved.
The attack was not based on facts, but it was a character assassination as a way to mitigate the influence of the scathing decision. If anyone should be questioned, it is the Interior Secretary Ken Salazar who disregarded the advice of his own scientific experts in declaring the deep water drilling moratorium.
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Science Chic wrote: Thank you for the updated info Pine. I am happy that it was checked by the court before he took this case for conflict of interest and he was cleared. I wish the media could more accurately report on these issues.
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