Legal documents released Friday by the Administrative Office of the U.S. Courts reveal that U.S. District Court Judge Martin Feldman sold his holdings in Exxon Mobil Corp. on Tuesday, the same day he blocked the Obama administration’s drilling moratorium.
Exxon Mobil was among the companies using drilling rigs whose operations were suspended under the administration’s moratorium, according to Exxon spokeswoman Cynthia Bergman.
According to federal law, federal judges are required to step aside from cases that present financial conflicts.
Judge Feldman says in a Wednesday letter to the administrative office that he sold his shares at the opening of the stock market on Tuesday, “prior to the opening of a court hearing on the spill moratorium case.”
However, the hearing took place on Monday. A secretary for Judge Feldman said he was not available to explain the discrepancy.
Ocean Energy, which is now part of Devon Energy also benefits from Feldman’s injunction though that has not yet made it into the consciousness of the media.