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The presiding judge in the Google antitrust case will redeem the mutual fund that allocates Google stock

Sina Technology News on the morning of January 10, according to reports, the federal judge in charge of the US Department of Justice’s antitrust lawsuit against Google said that he will redeem the mutual funds that he holds that allocate Google stocks to avoid occurrence in this case. Conflict of interest.

Washington State District Judge Amit Mehta (Amit Mehta) disclosed in court documents on Friday that he recently learned from his financial adviser that some mutual funds held by him and his wife have allocated two types of Google’s parent company Alphabet. Stocks. These purchases occurred between April 2020 and January this year.

“In order to avoid any favoritism or financial interest in the outcome of this matter, I have asked my financial advisor to immediately redeem the mutual fund that allocates Alphabet stock, and will monitor all future mutual fund investment behaviors before the decision is made in this case. , To ensure that none of these funds buy Alphabet stock.” Mehta said.

Mehta stated in the document that he believes that he does not need to evade the case because the federal judge’s code of conduct shows that holding a mutual fund does not constitute a “financial interest” in the underlying securities held by the fund.

The judge stated that he and his wife did not know at the time that a fund recommended to them by a financial advisor had bought Alphabet stock. Mehta did not disclose the value of the fund held. But he said that these funds also allocated shares of Amazon, Apple, Comcast and Microsoft.

The U.S. Department of Justice and multi-state attorneys sued Google in October last year, accusing the company of abusing its monopoly on the online search market.

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