An investigation on behalf of current long term investors in Eastman Kodak Company (NYSE: KODK) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 11/17/2020 -- Certain directors of Eastman Kodak Company are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Eastman Kodak Company (NYSE: KODK) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: KODK stocks follows a lawsuit filed against Eastman Kodak Company over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: KODK stocks, concerns whether certain Eastman Kodak Company directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose that the Company had granted James Continenza and several other Company insiders millions of dollars' worth of stock options, immediately prior to the Company publicly disclosing that it had received the $765 million loan, which Defendants knew would cause Kodak's stock to immediately increase in value once the deal was announced, and that in addition, while in possession of this material non-public information, James Continenza and other Company insiders purchased tens of thousands of the Company's shares immediately prior to the announcement, again at prices that they knew would increase exponentially once news of the loan became public.
Those who purchased shares of Eastman Kodak Company (NYSE: KODK) have certain options and should contact the Shareholders Foundation.
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