Campaign event for senators David Perdue and Kelly Loeffler in Cumming, Georgia(Reuters) - Republican Senator David Perdue's stock trades in financial firm Cardlytics Inc earlier in 2020 prompted a Justice Department inquiry that has since been shut without charges, the New York Times reported https://www.nytimes.com/2020/11/25/us/politics/david-perdue-cardlytics.html on Wednesday. The investigators were undertaking a broad review of the senator's trading around the outset of the COVID-19 pandemic for possible evidence of insider trading, the NYT said, citing four people with knowledge of the case. According to the NYT report, Perdue had bought back a substantial portion of the shares that he sold after the company's stock price bottomed out in March at $29. "The New York Times report of the exonerating evidence reconfirms that the baseless accusations leveled against Senator Perdue were nothing more than lies to push a categorically false narrative for political gain," said John Burke, communications director of the senator's campaign. (Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvilla and Amy Caren Daniel)

Source: New York Times May 09, 2024 18:28 UTC