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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.
The article goes on to state the following:
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.
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