Senator David Perdue speaks during a campaign event in Cumming, Georgia, U.S., November 13, 2020.
REUTERS/Dustin Chambers(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 here 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.
David Perdue, Dustin Chambers, David Perdue's, Perdue, ”, John Burke, Cardlytics
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Cumming , Georgia, U.S, Georgia