Samuel Alito Could Go Up to Bat for His Billionaire Friend Again
The hedge fund Elliott Management, whose owner has lavishly entertained Supreme Court justice Samuel Alito, has argued that recent anti-fraud rules from the SEC are unconstitutional — and could try to bring a case before Alito to strike them down.
Supreme Court justice Samuel Alito poses for an official portrait at the East Conference Room of the Supreme Court building on October 7, 2022 in Washington, DC. (Alex Wong / Getty Images)
The hedge fund of Justice Samuel Alito’s billionaire benefactor has been using a recent Alito-backed Supreme Court ruling to try to pressure federal regulators to back off new financial rules designed to fight fraud, according to documents reviewed by us.
The hedge fund, Elliott Management, has been arguing that the rules are unconstitutional, and could ultimately try to bring a case before Alito to strike down the new regulations if they are enacted. The high court is currently considering a petition to hear a separate case involving the same firm.
ProPublica this week reported that Elliott Management founder, president, and co-CEO Paul Singer provided an undisclosed private jet flight to Alito, and has been a major donor to the Judicial Crisis Network, a dark money group that has funded campaigns to install conservative judges throughout the judiciary — including Alito. The justice has declined to recuse himself in past cases involving the hedge fund.
This article is for subscribers only. Please login or subscribe to access our full archives and beautiful print and digital magazine starting at just $3 a month.