Two charged with insider trading in Kodak

Eastman Kodak

23/02/2023 15:11

NEW YORK, Feb 23 (Reuters) - A former pharmaceutical
executive and his cousin have been charged with insider trading
in Eastman Kodak Co  KODK.N  stock based on confidential
information that the company might obtain federal loans to
finance the production of COVID-19 related pharmaceutical
components.
    Federal prosecutors said on Thursday that Andrew Stiles and
Gray Stiles have been arrested, and were charged with multiple
counts of securities fraud and conspiracy to commit wire fraud
and securities fraud.
 (Reporting by Jonathan Stempel in New York)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))