Re:Inside Information and Kodak Stock
by ve55 on Saturday August 01, 2020 @07:18PM
(#24024768)
As bad as it was this was leaked beforehand, once it is posted on Twitter by a news report, I would no longer consider it 'inside information'. Still, the entire scenario is very strange.
[ Parent
| on HN ]
Importantly, though, Kodak did not act as though the information had become public -- they attempted to get the news reports unpublished and keep the information non-public. At best, this is wildly incorrect bordering on fraudulent; at worst, it's insider trading.
> Importantly, though, Kodak did not act as though the information had become public
That fact isn't important in the slightest.
> this is wildly incorrect bordering on fraudulent; at worst, it's insider trading.
It's wildly incompetent behaviour by Kodak, sure, but at worst it's a Regulation FD violation. (Even that would be a bit surprising.)
It's certainly not insider trading based on what is currently known or even what's been reasonably speculated.