Johnson’s sale was reportedly related to a family business which is not publicly traded on an exchange.
I deleted a tweet about Ron Johnson’s stock dump because “stock dump” wasn’t a accurate description — Johnson sold off his share in his family’s company — here’s the filing https://t.co/plOM1tIGF7
“A San Francisco-based private equity firm, Gryphon Investors, has made an equity investment in Oshkosh-based Pacur LLC, the supplier of specialty plastic packaging materials to the medical device industry that was led by Wisconsin Sen. Ron Johnson prior to his election to the U.S. Senate in 2010,” BizJournals reported. “Details of the transaction were not disclosed.”
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Two Republican Senators dumped stock after receiving briefings on the coronavirus crisis and before the plunge in stock prices.
Sen. Richard Burr (R-NC) and Sen. Kelly Loeffler (R-GA) both revealed their actions in ethics filings.
Here’s some of what people were saying about the GOP senators:
Richard Burr and Kelly Loeffler need to resign now. Period.
— Michael Cohen (@speechboy71) March 20, 2020
Kelly Loeffler’s net worth is almost $500,000,000. She is the wealthiest member of Congress … and … it … just … isn’t … enough. https://t.co/Akgnp4LBj2
— Tim Tagaris (@ttagaris) March 20, 2020
Senator Loeffler and Senator Burr should be indicted, convicted, sentenced and jailed. If we sent Martha Stewart to jail for this…
— Wajahat "Please Stay Home If You Can" Ali (@WajahatAli) March 20, 2020
Kelly Loeffler's husband is head of the New York Stock Exchange. They should both face indictment. #ByeByeKelly
— G O L D I E. (@goldietaylor) March 20, 2020
There are at least two separate scandals in the the Burr/Loeffler/et al. story:
1) Members _may have_ traded on insider info about how bad things would get; and
2) Regardless of (1), Members _did_ make numerous public statements inconsistent with the information they received.
— Steve Vladeck (@steve_vladeck) March 20, 2020
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