Kodak stock rises after investigation clears company of insider trading accusations

Shares of Kodak rallied on Wednesday after executives of the company were found to have not taken personal advantage of prior knowledge regarding a major loan from the U.S. government announced in late July.

Kodak was up more than 80% in morning trading after Akin Gump, an international law firm headquartered in Washington, cleared the company of insider trading accusations.

Akin Gump investigated the company after shares rocketed to more than 2,750% in the days following the blockbuster deal, which provided a lifeline for the struggling camera manufacturer.

Kodak’s $765 million deal with the government has been placed on
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