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<title>Shareholder suit accuses Sen. Richard Burr of securities fraud</title>
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<description>(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... &#x26;#x201C;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...</description>
<author>Polutico</author>
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<pubDate>Wed, 25 Mar 2020 01:53:02 GMT</pubDate>
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