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US goverment

Kodak shares soar after the special committee finds company did not break the law

3 mins read

The FINANCIAL — Concerns were raised about Eastman Kodak’s corporate governance but no evidence was found of insider trading when its top executive and a board member bought shares before the stock surged on news of a possible $765m loan from the US government. A company seeking to address the firestorm of allegations surrounding a Trump administration loan said it mishandled the process of awarding stock option grants to its chief executive officer before the announcement. Jim Continenza, Kodak’s chairman and chief executive, and Philippe Katz, a board member, bought shares in June, and Mr. Continenza was awarded stock options…

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Kodak shares soar after the special committee finds company did not break the law

3 mins read

The FINANCIAL — Concerns were raised about Eastman Kodak’s corporate governance but no evidence was found of insider trading when its top executive and a board member bought shares before the stock surged on news of a possible $765m loan from the US government. A company seeking to address the firestorm of allegations surrounding a…