N.Y. AG obtains court order to have Kodak CEO testify
Posted On: Jun. 15, 2021 5:59 PM CST
New York Attorney General Letitia James said Tuesday she has successfully obtained a court order requiring Eastman Kodak Co.’s CEO to testify about his alleged insider trading during the pandemic.
Ms. James said the order by the New York County State Supreme Court requires Jim Continenza to testify on Oct. 1 and Kodak general counsel Roger Byrd to testify on Sept. 24. The court also ordered Kodak to produce relevant documents to the attorney general’s office by June 30.
Ms. James said last month she was seeking a court order in connection with an investigation of a stock purchase by Mr. Continenza that was made shortly before a federal government loan was announced that drove up the stock price.
Kodak said in a statement, “This ruling is strictly procedural and fully expected. It has nothing to do with the merits of the case. Jim Continenza was pre-cleared to trade by the company’s general counsel. He did nothing wrong. We are confident that the facts and the law are on our side and are fully prepared to present our case in court.”