I believe my post may have been misinterpreted, I will try to make it a little more clear.
The Judge MUST look at the rules of the securities and Exchange, NOT contact them for info on SLI specifically. He must look further than testimony submitted in court to arrive at what would be considered a reasonable and well founded decision that may affect many people and the future course of business for some public traded companies. We are in time of change, and we are definitly part of it.
Judges most certainly do have imput in designing legislation and it is their decisions on some matters that change current law, especially if a decision cannot be rendered easily because of conflicting and contradictory laws. A recent example of troubles with conforming to Corporate Goverance by a company, can,t remember the name at the moment, revealed problems as such and new articles had to be implimented to assure shareholder rights to a degree, whereas laws of one institution were not compatable with the other. So many problems exist with legislation of all aspects of the markets and when one law is changed or ammended it affects many others because of the over complexity of trying to restrict one to conform squarely with the law.
imo