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NY attorney general James demands Kodak CEO testify on alleged insider trading

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Workers at the KODAK billboard at Times Square, March 2004.

Avalon | Hulton Archive | Getty Images

The New York Attorney General on Tuesday asked a court to force Kodak’s CEO to publicly testify amid an investigation over allegations of insider trading.

The petition, filed with the New York County State Supreme Court, claims that chief executive Jim Continenza bought shares of his company’s stock while Kodak was in non-public talks with the White House over a loan worth hundreds of millions of dollars.

The tentative loan, announced as the pandemic took hold, was intended to help Kodak pivot to chemical production to meet industry needs.

“As millions of New Yorkers and Americans across this…



Source cnbc.com

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