Ex-Pharma Executive and Cousin Admit to Insider Trading of Kodak

A former Phlow Corp. executive and his cousin admitted to insider trading on confidential information about a pandemic-related government loan to Eastman Kodak Co.

Andrew Stiles of Charleston, South Carolina, and his cousin, Gray Stiles, of Richmond, Virginia, pleaded guilty Wednesday to securities fraud before US District Judge Ronnie Abrams in New York. The two men, both 37, face as long as 20 years in prison at sentencing in July, although white-collar criminals rarely get the maximum penalty.

According to prosecutors and the US Securities and Exchange Commission, Andrew Stiles was an executive at Phlow, a generic drugmaker that ...