WASHINGTON - House Democrats have launched an investigation into Eastman Kodak's US$765 million government loan and are seeking documents from a US agency involved in granting the proposed funding.
The agency handles financing provided through the Defence Production Act, which is how Kodak would secure funding to make ingredients for generic drugs. Democratic Senator Elizabeth Warren also called for the Securities and Exchange Commission to investigate possible insider trading and disclosure violations tied to Kodak's announcement.In a Tuesday letter to the SEC, Warren said the rise could have been triggered by news sources in Rochester, New York - where Kodak is based - sharing information about the loan on Twitter.
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