On Tuesday, May 21, 2024, The Drinks Business reported that Justice Samuel Alito was accused of potential political bias stemming from stock trades he made last year.

According to the report, Justice Alito sold shares of Anheuser-Busch InBev worth between $1,000 and $15,000 on August 14, 2023. On the same day, he purchased the same value of shares in Molson Coors, a major competitor to AB InBev.

This transaction drew scrutiny because it came after a sponsorship campaign between Bud Light and transgender activist Dylan Mulvaney faced backlash from conservative groups. Critics argued the trades showed Alito aligning himself with partisan politics, despite Supreme Court justice rules saying they must refrain from political activity. As a conservative justice, some felt Alito aimed to profit from the boycott of AB InBev over the campaign.

The allegations have greater significance because the Supreme Court may be called upon to make rulings related to investigations into former President Donald Trump. This includes whether he can be barred from running for reelection in 2024 due to his actions around the January 6th Capitol riots and claims of election fraud in 2020. However, justices themselves cannot be forced to recuse.

The report adds that while the row may not impact AB InBev or Molson Coors directly, it brings into question Justice Alito’s impartiality. His AB InBev stock sale made around a 12% profit, while Molson Coors shares he purchased have lost over 14% in value since. Some feel these trades invoke political bias at a time when the Supreme Court may have to make judgments affecting American politics and democracy.

 

 

Source: The Drinks Business