SEC investigating doable insider buying and selling round Kodak-Trump drug manufacturing deal

To the extent that the people who traded in Kodak inventory had been aware of any nonpublic data, how and from whom did they acquire this data?” Warren wrote. “Did any people with information of the mortgage intentionally or inadvertently share
data with anybody inside or exterior of Kodak who was not approved to have the knowledge?”

Some buying and selling the day earlier than the official announcement could also be resulting from Kodak letting details about the mortgage out a little bit early, however that’s a difficulty in itself.

Trump touted the mortgage to Kodak as “a breakthrough in bringing pharmaceutical manufacturing again to america.” Kodak has been producing superior chemical substances since its pictures enterprise plummeted. Underneath the brand new deal, it’ll manufacture ingredients for generic drugs.