August 5, 2020
WASHINGTON (Reuters) – The U.S. House Financial Services Committee on Wednesday asked federal regulators to investigate securities transactions made by Eastman Kodak <KODK.N> and its executives around the time it learned it could receive a $765 million government loan.
The committee said it had “serious concerns” about the transactions and asked the Securities and Exchange Commission to investigate the circumstances surrounding the matter.
Kodak shares surged more than 1,000% last week, generating a windfall for executives, some of whom had received options one day prior to an announcement about the government loan.
(Reporting by Andrea Shalal; Editing by Sandra Maler)
from One America News Network https://ift.tt/2XyzjHo
via
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
No comments:
Post a Comment