Kodak not complicit in Trump-era insider-trading case, says Justice Department

February 25, 2023February 26, 2023 GaryPageau Eastman Kodak Co.

A former pharmaceutical executive and his cousin with ties to Eastman Kodak Co. were charged by the U.S. Justice Department with insider trading. Kodak itself is charged with any wrongdoing. According to the Rochester First, the allegations say, between June and July 2020, 37-year-old Andrew Stiles, at the time a vice president of a pharmaceutical company working with Kodak, schemed with his cousin, Kodak exec Gray Styles, to share non-public information to trade Kodak stock. This dates back to a big announcement in July of 2020, between Kodak and the Trump administration, where the company was working to secure a $765 million dollar federal loan to start making drug ingredients.

Written by GaryPageau

Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.