Updated: January 15, 2020 03:41 PM
Created: January 15, 2020 03:33 PM
NEW YORK, N.Y. (WHEC) -- The federal judge set to sentence former Congressman Chris Collins in his insider trading case on Friday issued a court filing, asking for answers to several questions.
Collins pleaded guilty to conspiracy to commit securities fraud and making a false statement.
The former 27th District Representative served on the board of Innate Immunotherapeutics. When he learned a promising drug would not gain approval, he sold company stock before it tanked.
Judge Broderick wants to know several questions related to the price of Innate's stock at initial purchase, and during the immediate period before and after the company announced the drug's failed approval.
Other questions focus on the timeline of the case.
The final of 26 questions and information requests in the paperwork reads: "How can the argument that Defendant Collins committed an emotional and impulsive act on June 22, 2017 be reconciled with his lying to law enforcement approximately ten months later?"
Copyright 2020 - WHEC-TV, LLC A Hubbard Broadcasting Company