Akin Gump's Probe Of Kodak Loan Finds No Law Violations

Law360 (September 16, 2020, 9:39 PM EDT) -- Akin Gump Strauss Hauer & Feld LLP has said in a report to the board of Eastman Kodak Co. that its investigation of certain stock trading surrounding the announcement of a $765 million government loan found no violations of the law.

The firm was retained by a special committee of Kodak's board last month to conduct an impartial examination of the events leading up to and directly following the July 28 announcement that Kodak would receive $765 million from the Trump administration to support the creation of the onetime photography giant's own pharmaceutical manufacturing wing.

Kodak's share price had exploded in...

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