Kodak Shares Drop After Loan Paused Amid Insider Trading Allegations

The federal loan was to support domestic manufacturing of pharmaceutical ingredients

A worker cleans a Kodak booth at the Las Vegas Convention Center in preparation for 2019 CES in Las Vegas, Nevada, on Jan. 6, 2019. Steve Marcus/File Photo/Reuters

Eastman Kodak shares fell on Monday after a federal agency put its $765 million loan on hold last week.

“Recent allegations of wrongdoing raise serious concerns,” the U.S. International Development Finance Corporation (DFC), an independent U.S. government agency that provides financing for private development projects, announced late Friday on Twitter. “We will not proceed any further unless these allegations are cleared.”