Earlier quoted context omitted.
Or just force judges to disclose conflicts of interests.
Each state bar’s ethics rules already prohibit it. It’s grounds for losing your law license.
A law license isn't required to be a federal judge.
Judge in Nokia and Apple lawsuit owned Apple stock during proceedings
31–40 of 65 posts
Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings
#32Earlier quoted context omitted.
Nokia were doing well developing their new platform Meego based on Linux, but then Stephen Elop came from Microsoft and decided to put a stop to it and instead concentrate on Windows Phone. I believe that is what ultimately killed Nokia's phone division.
While the “ one outsider came in and ruined everything ” narrative might be a soothing one (especially for the people of Finland), I’m not sure it’s actually true. Do we honestly think Nokia would have been able to compete in the same mobile OS space that not even Microsoft could carve out a space in? I don’t think it’s a mistake that the only true competitor to Apple ended up being Google. At the time, they were the…
> Do we honestly think Nokia would have been able to compete in the same mobile OS space that not even Microsoft could carve out a space in?
At the time.. sure.
Symbian was great back then, and in many many countries, there were no large data plans back then, and a phone that needed to be online for a lot of the gimmicky features to work was not something a lot of people wanted or needed, because of data costs... app support was probably most important to people then.
Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings
#33This is like saying a judge wore Calvin Klein underwear while presiding over a case against Calvin Klein.
Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings
#34Probably a good idea to pass a law that certain key government employees can only own index funds (here's looking at you, congress). However, with the benefit of hindsight, we can all take solace in the fact that, regardless of the outcome of this lawsuit, Nokia was doomed to failure anyways. Turns out a bureaucracy built around selling hardware might be liable to underestimate the rising importance of software.
Nokia were doing well developing their new platform Meego based on Linux, but then Stephen Elop came from Microsoft and decided to put a stop to it and instead concentrate on Windows Phone. I believe that is what ultimately killed Nokia's phone division.
From my very limited interactions with them, Nokias saw mobile operators as their customers, not end-users. They were never going to do anything with it that would piss off the likes of the like of Verizon, Vodafone, Orange etc.
I have an n800 and n810 - the n810 is a thing of beauty in my opinion, even now. But there's no way they could compete with Apple or Google because Nokia designed phones that kept the operators happy and didn't step on any toes. Apple and Google didn't care about any of that.
Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings
#35Probably a good idea to pass a law that certain key government employees can only own index funds (here's looking at you, congress). However, with the benefit of hindsight, we can all take solace in the fact that, regardless of the outcome of this lawsuit, Nokia was doomed to failure anyways. Turns out a bureaucracy built around selling hardware might be liable to underestimate the rising importance of software.
This is already a law for executive branch employees (SEC employees, spouses, children are generally not allowed to own individual stocks).
Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings
#36Correction: I got the time line wrong. Comment below is right.
Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings
#37Who doesn't own, nowadays?
Most people
Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings
#38Correction: I got the time line wrong. Comment below is right.
>Judge William M. Conley of the U.S. District Court for the Western District of Wisconsin disclosed the potential conflict of interest in a letter to both parties dated Aug. 27.
It’s hard to “Assume goof faith”[0], because it looks like you avoided adding the next 3 words to your sentence because it makes it seem like the judge disclosed it before the trial and not four days ago. I feel like this context is vitally important because Nokia might simply need more time to react to this news. We don’t know what they think about this yet.
Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings
#39This article doesn’t answer the real questions: How much stock did he own, how did he own it, and what percentage of his portfolio was it? Apple is one of the biggest companies in the US, so it comprises a significant portion of large-cap index funds. If any of your 401K or other portfolio includes an ETF or other fund with large-cap US companies, you own Apple stock. If you’re invested 100% in a simple S&P 500 index…
I really don’t think how much ownership is the real question now.
1. The judge disclosed it. Presumably he wasn’t doing anything sneaky because he is the one raising the issue.
2. Any ownership required the Judge to recluse himself. Thus (3)
3. (The real takeaway) The verdict of the case between Nokia and Apple is on much less strong legal grounds now. This is the real point.
Re: Judge in Nokia and Apple lawsuit owned Apple stock during proceedings
#40This is like saying a judge wore Calvin Klein underwear while presiding over a case against Calvin Klein.
Actually that sounds more like the case if the judge was a long time apple product user. I don’t stand to financially benefit in any way if fruit of the loom stock goes through the roof today.