Sotomayor's Stance On Business Is Moderate
Professor Jospeh Grundfest talked to the Los Angeles Times about Judge Sonia Sotomayor's judicial record on business cases:
Employers vs. labor? Airlines vs. passengers? Investors vs. companies?
When it comes to business lawsuits, Supreme Court nominee Sonia Sotomayor can be hard to pigeonhole. Although Sotomayor's opponents paint her as an activist with a liberal bent, many legal experts say her record is far from that of an ideologue on business issues.
Stanford law professor Joseph Grundfest, a former Securities and Exchange Commission member, recalled two securities cases Sotomayor handled in which investors brought suits. She sided with the plaintiff in a class-action suit against Merrill Lynch.
But in the other case, he said, she rejected millions of investors' claims to recoup money lost during the dot-com bust.
"She cannot be called pro-business or pro-plaintiff," Grundfest said. "She doesn't come into the case with any preconceived notions."