60 Minutes/CBS News
- James Robart, a federal judge, just threw out a $72 million verdict against Boeing.
- He disclosed trades of up to $15,000 in Boeing stock in his wife’s IRA last year, while the case was ongoing.
- It’s not clear whether he made or lost any money. But it could still create complications.
A federal judge in Seattle who just threw out a $72 million verdict against Boeing disclosed that he bought and sold between $1,000 and $15,000 of the company’s stock last year while he was overseeing the case, records show.
Judge James Robart told Business Insider a bank that managed his wife’s IRA purchased Boeing stock in April 2023. He said as soon as he learned about it, he had the stocks sold; his financial disclosures said the shares were sold on two dates in May and June.
It’s not clear whether Robart’s wife made money on the trades overall. Based on the prices that Boeing shares traded at on the days her IRA bought and sold the shares, at least one of the two sales was a money-loser, while the second could have potentially been profitable…