Print Email Reprints Share

Two leading Democrats on the Senate Judiciary Committee are demanding explanations from Supreme Court nominee Samuel A. Alito as to why he did recuse himself from a 2002 case involving Vanguard since he held at least $390,000 in the company's funds, The Globe reports. Alito promised the Senate in 1990 that he would remove himself from any such case since he owned Vanguard mutual funds. 

"It is a legitimate and serious issue to be raised, and I think his explanation is going to be extremely important," said Senator Patrick Leahy (D-Va.).

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.
Learn More

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.
Get 3-Week Free Trial