Legal Law

Kodak CEO Could Not Have Identified The Shares He Simply Purchased Had been About To Soar 1,000%, A Truth Which Could Not Matter In Courtroom

No one at Kodak, least of all CEO Jim Continenza, did anything wrong—legally speaking—vis-à-vis trading around the industrial artifact’s short-lived effort to become a pharmaceutical chemical supply giant with three-quarters of a billion taxpayer dollars. The big, fancy law firm it hired said so right here. Sure, Kodak could have been a bit more careful and a bit more transparent about things, but if it had been capable of those things than it probably wouldn’t be Kodak and in need of all of that money to change everything about itself.

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