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Shareholder suit accuses Sen. Richard Burr of securities fraud
Polutico ^ | Mar 23, 2020 | Mathew Choi

Posted on 03/24/2020 6:53:02 PM PDT by upchuck

(Highlighting mine.)

Sen. Richard Burr (R-N.C.) is being sued after selling shares in a hotel company while possessing confidential information about the potential impact of the coronavirus pandemic.

Alan Jacobson, a shareholder in Wyndham Hotels and Resorts, sued Burr in federal court on Monday, alleging that the senator used private information to motivate a mass liquidation of his assets. It is illegal for senators to use nonpublic information in conducting securities exchanges...

“Senator Burr owed a duty to Congress, the United States government, and citizens of the United States, including Plaintiff, not to use material nonpublic information that he learned by virtue of his duties as a United States Senator in connection with the sale or purchase of any security,” said Jacobson’s lawsuit, filed in U.S. District Court for the District of Columbia.

(Excerpt) Read more at politico.com ...


TOPICS: Government
KEYWORDS: alanjacobson; northcarolina; richardburr
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1 posted on 03/24/2020 6:53:02 PM PDT by upchuck
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To: upchuck

Burr could use some Karma blow-back on any number of issues.


2 posted on 03/24/2020 6:54:57 PM PDT by Paladin2
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To: upchuck

Congrats Dems, for taking over the Senate.


3 posted on 03/24/2020 6:56:17 PM PDT by RasterMaster ("Towering genius disdains a beaten path." - Abraham Lincoln)
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To: upchuck

He should probably go now. Even though it means we lose the senate.


4 posted on 03/24/2020 6:57:15 PM PDT by HChampagne (I am ready to crawl over broken glass to get to the polling place for Nov. 2020.)
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To: Paladin2
Burr even looks like your typical country club RINO.
5 posted on 03/24/2020 6:57:19 PM PDT by Governor Dinwiddie (Guide me, O thou great redeemer, pilgrim through this barren land.)
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To: upchuck

Wasn’t he retiring?


6 posted on 03/24/2020 7:01:06 PM PDT by McGavin999 (Queen Fancy Nancy Of North Poopistan)
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To: upchuck

Put this Never Trump swine in jail, the sooner the better.


7 posted on 03/24/2020 7:03:11 PM PDT by JonPreston
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To: upchuck

The potential for the Chinese Communist Bioweapon was clear and was a topic of conversation in January.

The information wasn’t secret anymore by then.


8 posted on 03/24/2020 7:06:48 PM PDT by MrEdd (Caveat Emptor)
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To: HChampagne

NFW

Let him fight it out. Keep Senate for Judges morons.


9 posted on 03/24/2020 7:07:30 PM PDT by LeonardFMason (Lou Dobbs)
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To: HChampagne

No he shouldn’t.
The information wasn’t secret anymore way back in January even if the idiot shareholder wasn’t paying attention.


10 posted on 03/24/2020 7:08:18 PM PDT by MrEdd (Caveat Emptor)
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To: Paladin2

So where is Bob Menendez again and why do their crooks get to stay?


11 posted on 03/24/2020 7:10:33 PM PDT by Luke21
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To: McGavin999
Wasn’t he retiring?

Read the article.

Burr is planning to retire at the end of 2022.

12 posted on 03/24/2020 7:11:34 PM PDT by upchuck (Democrats are always the problem, never the answer.)
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To: upchuck

Ex-Senator walking...
or
Pre-Felon walking...


13 posted on 03/24/2020 7:12:28 PM PDT by bigbob (Trust Trump. Trust the Plan.)
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To: MrEdd

Yep, they’d gladly sacrifice Feinswine, probably gonna retire anywho, and a safe dem seat. There’s a time and place for everything, this ain’t it. Too much evil going around. Gov. about to create trillions out of thin air, this is peanuts.


14 posted on 03/24/2020 7:12:35 PM PDT by RckyRaCoCo (Please Pray For My Brother Ken)
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To: Luke21

Parallel Universes.


15 posted on 03/24/2020 7:13:30 PM PDT by Paladin2
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To: MrEdd
"The information wasn’t secret anymore by then."

I was surprised that the Market couldn't see that far ahead.

Then there is "Don't Fight the Tape". It's a duality of reality....

16 posted on 03/24/2020 7:15:20 PM PDT by Paladin2
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To: upchuck

Then he needs to remove himself from the Intelligence committee now.


17 posted on 03/24/2020 7:19:00 PM PDT by McGavin999 (Queen Fancy Nancy Of North Poopistan)
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To: upchuck

I want Burr gone but NOT at cost of Senate. This is DUMB ASS Stupid. The SWAMP is FULL of these grifters. NOW we demand Burr give his seat away without letting him fight? NFW!


18 posted on 03/24/2020 7:19:11 PM PDT by LeonardFMason (Lou Dobbs)
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To: RasterMaster

Congrats Dems, for taking over the Senate.
....,

Well if that happens and the rats hold the house, President Trump will be impeached the day after inauguration.

What about Fienstien? She sold millions too. ...


19 posted on 03/24/2020 7:21:47 PM PDT by redshawk ( I want my red balloon. ( https://youtu.be/V12H2mteniE))
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To: upchuck

Shareholder suit? How does one go about buying shares of Richard Burr anyway?


20 posted on 03/24/2020 7:26:55 PM PDT by Dr.Deth
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