Ex-Pharma Executive and Cousin Admit to Insider Trading of Kodak
Former Pharma Executive Andrew Stiles and his cousin Gray Stiles have pleaded guilty to insider trading in connection with a pandemic-related government loan to Eastman Kodak Co. The two individuals profited from confidential information about a US government loan received by Kodak, resulting in significant earnings. The loan aimed to assist Kodak in repurposing its manufacturing facilities to address the shortage of drug ingredients during the early months of the pandemic, including those required for Covid-19 medications.
BP Employee’s Husband Charged with Insider Trading After Eavesdropping on Wife’s Calls
The husband of a BP employee has been charged with insider trading in the US after allegedly eavesdropping on his wife’s work calls to make illegal profits. The SEC claims Tyler Loudon made $1.76m by buying shares in TravelCenters of America based on confidential information overheard while his wife, a BP mergers and acquisitions manager, worked from home. This case highlights the risks of insider trading in remote work environments and emphasizes the need for effective surveillance to prevent exploitation of confidential information.
Billionaire Joe Lewis Pleads Guilty, NRL Clubs Seek Meeting, Netflix Unveils Rugby Documentary Series
British billionaire Joe Lewis, the founder of ENIC Sports Inc, which owns the majority of shares in Premier League club Tottenham Hotspur, appeared in a Manhattan court today to plead guilty to two counts of securities fraud and one count…