The New York Times recently wrote an article about the current situation with the vacancy in the Supreme Court. Since the death of Justice Antonin Scalia, the Senate and the rest of the country has been discussing the Supreme Court nomination. Many republicans do not want President Obama to be able to make the nomination. They are hoping that a republican President wins the election and nominates a very conservative judge and the Senate, with its republican majority, can easily usher them through. However, according to the polls, a republican president seems unlikely. In addition, the democrats are poised to take back the majority in the senate once again. This would, in turn, leave room for the opposite of what the republicans want.
Whoever ends up making the nomination will have a big decision on their hands. Scalia is credited with many of the pro-business Supreme Court Rulings since President Reagan was in office. There have been several decades with a 5 to 4 pro-business majority. Now with the fifth vote up in the air, some big businesses are being forced to settle. Dow Chemical ended up paying an 835 million dollar settlement because an appeal from a lower court loss would only end up being a loss in the Supreme Court with a 4 to 4 tie decision. The 4 judges, Alito, Roberts, Thomas and Kennedy are in the top 10 friendliest justices to business that the Supreme Court has seen since World War II. A republic would want to appoint another justice that is friendly to business. The democrats would want a justice who has similar views to Justice Sotomayor, the justice who is least friendly to business.
Madison Street Capital is one firm that is keeping a close eye on the impending presidential election and all of the politics around it, including the appointment of a new Supreme Court Justice. The firm is involved in investment banking and concentrates on middle market companies. They firm offers 5 different types of services, which are asset management industry focus, financial opinions, valuation for financial reporting, business valuation and corporate advisory.
The services that are offered include financial sponsor coverage, restructuring services, portfolio valuation services, mergers and acquisitions advisory, solvency and capital adequacy, independent third party fairness opinions, structured finance products, share based compensation, goodwill and intangible asset impairment, purchase price allocations, tax compliance, company valuation, private placements, corporate governance, buy out advisory, ESOP advisory, bankruptcy services, reorganization services, capital restructuring and the service MSC specializes in, mergers and acquisitions.
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