Investor Drops Congressional Insider Trading Law Suit Against Senator

Mealey's (May 5, 2020, 10:33 AM EDT) -- WASHINGTON, D.C. — In a one-page notice on May 1, a Wyndham Hotels & Resorts Inc. shareholder states that he will not pursue a shareholder lawsuit against U.S. Sen. Richard M. Burr on allegations that the senator violated the Stop Trading on Congressional Knowledge Act of 2012 (STOCK Act) when he and his wife sold shares of company stock they owned after receiving nonpublic information regarding the United States’ lack of preparedness to handle the spread of the novel coronavirus (Alan D. Jacobson v. Richard M. Burr, No. 20-799, D. D.C.)....