Solicitor General Elena Kagan previously served on an advisory board for Goldman Sachs, a position that could complicate her nomination if she is selected to fill a Supreme Court vacancy, USA Today reported Tuesday.
Kagan served on Research Advisory Council of the Goldman Sachs Global Markets Institute from 2005 to 2008, according to financial disclosures she filed with the Senate Judiciary Committee when she was nominated as Solicitor General last year. She received $10,000 stipend in 2008 for her service.
Goldman Sachs has come under fire in recent weeks after the Securities and Exchange Commission filed a lawsuit alleging the company defrauded customers who bought investments tied to risky mortgages.
Northwestern University law professor Lee Epstein, an expert on judicial nominations, told USA Today that her opponents might try to play up the position with Goldman Sachs.
“One side will pick apart anything a nominee has done,” Epstein said. “Here, Goldman Sachs doesn’t have a lot of fans. It may make things more complicated for her.”
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