NY Attorney General Sues Emergent Ex-CEO for Insider Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
New York Attorney General Letitia James announced a lawsuit against Robert G. Kramer, the former CEO of health care contractor Emergent BioSolutions (EBS) for insider trading, and announced a settlement with Emergent for approving Kramer's illegal trading plan. In 2020, Emergent entered into $261M in contracts with AstraZeneca (AZN) to manufacture a large-scale commercial supply of its COVID-19 vaccine. Emergent later encountered manufacturing issues at its plant and discovered that large amounts of the AstraZeneca vaccines it produced were contaminated and unusable. An investigation by the Office of the Attorney General found that amid these contamination issues, Kramer executed a plan to sell his company shares and received more than $10M before the contamination issues were made public, in violation of New York's Martin Act. As a result of a settlement with OAG, Emergent will pay $900,000 in penalties and improve its executive trading policies. Attorney General James is seeking damages, disgorgement, and costs from Kramer.
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Analyst Views on AZN
Wall Street analysts forecast AZN stock price to rise
14 Analyst Rating
13 Buy
0 Hold
1 Sell
Strong Buy
Current: 208.620
Low
157.61
Averages
213.64
High
252.18
Current: 208.620
Low
157.61
Averages
213.64
High
252.18
About AZN
AstraZeneca PLC is a United Kingdom-based science-led biopharmaceutical company. The Company focuses on the discovery, development, and commercialization of prescription medicines. The Company operates across therapy areas, including Oncology; Cardiovascular, Renal and Metabolism (CVRM); Respiratory and Immunology (R&I); Vaccines and Immune Therapies (V&I), and Rare Disease. In the Oncology area, its key products include Tagrisso, Imfinzi, Calquence, Lynparza, and Enhertu. The key products of CVRM area include Farxiga/Forxiga, Brilinta/Brilique, Crestor, and Lokelma. In the R&I area, the key products are Symbicort, Fasenra, Breztri/Trixeo, and Tezspire. In the V&I Therapies area, the products are Beyfortus and FluMist. The products in the Rare Disease area are Ultomiris, Soliris, Strensiq, and Koselugo. It has about 191 projects in its development pipeline, including 19 new molecular entities (NMEs) in the late-stage pipeline. The Company distributes its products in over 125 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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