CONGRESS/GOP/LEGAL/NEW YORK/TRUMP PEOPLE: “Rep. Christopher Collins, a Republican congressman from New York, was arrested Wednesday [8-8-18] and charged with participating in an insider-trading scheme to sell the shares of an Australian biotechnology company before the public disclosure of a failed drug trial. Federal prosecutors in Manhattan accused Rep. Collins, 68 years old, of tipping off his son last summer about the results of a multiple-sclerosis drug trial completed by Innate Immunotherapeutics Ltd. , a biotechnology company based in Sydney. Rep. Collins was a member of Innate’s board of directors and one of the company’s largest shareholders, holding approximately 16.8% of its stock, the indictment said. Rep. Collins, who serves the 27th district in western New York near Buffalo and Rochester, was the first member of Congress to endorse Donald Trump during the 2016 presidential campaign. Once considered a backbencher in the House, Rep. Collins’s stature grew after Mr. Trump won the GOP nomination.”
–Nicole Hong and Kristina Peterson, “New York Congressman Chris Collins Arrested on Insider-Trading Charges,” The Wall Street Journal, August 8, 2018 4:22 pm