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.