NEW YORK (Reuters) – A former pharmaceutical executive and his cousin have been charged with insider trading in Eastman Kodak Co 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)
