A judge has ordered Kodak CEO Jim Continenza to give public testimony about his purchase of Kodak stock last year while the company was talking to the federal government about a big loan.
The state Attorney General is investigating claims of insider trading. Continenza reportedly bought 46-thousand shares of Kodak stock shortly before the public announcement the government would loan Kodak hundreds of millions of dollars to make pharmaceutical ingredients.
Under the court order, Continenza must publicly testify on October 1.
Kodak says Continenza was pre-cleared to for the stock trade by the company’s general counsel and did nothing wrong.