Abstract
This paper describes the context for and explores the claims of insider trading against Eastman Kodak using a mix of quantitative and qualitative analysis. This paper is divided into three different chapters. The first chapter is a general overview of Eastman Kodak in July and the critical information surrounding the US international development finance corporation loan announcement. This chapter includes but is not limited to investments reports, legal reports, Eastman Kodak's press release, and a closer look at the loan application's DFC guidelines. That information will help us establish a range of times where insider trading could have occurred. Knowing the context surrounding the DFC Loan announcement will be useful when explaining our results. The second chapter explores the potential value of Eastman Kodak using the Altman Z score to assess the likelihood of Eastman Kodak going bankrupt in the two following years. We will analyze the hard-to-borrow1 implications of Eastman Kodak stock and what it meant in terms of market movements. In the third chapter, we will use a toolkit of financial econometrics that draws from Kenneth Ahern's recent works to look for potential informed trading in Kodak trading data.