DOJ Recommends 'Top End' Sentence For Former Rep. Chris Collins

Representative Chris Collins was sentenced to 57 months in prison for insider trading. He pleaded guilty to conspiring to commit securities fraud and making false statements. The case involved sharing nonpublic information about a failed drug trial to avoid financial losses. Collins maintained his innocence, claiming adherence to ethical guidelines. However, prosecutors found he lied during investigations. The DOJ emphasized the importance of his sentence to convey that status does not warrant leniency. Collins, a supporter of President Trump, resigned from Congress.

What was the percentage drop in the company's stock that Collins' actions may have helped his family avoid?

What was the DOJ's stance on Collins' conduct during the investigation?