Eastman Kodak Company
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Eastman Kodak Company (NYSE: KODK) from July 27, 2020 through August 11, 2020 (the “Class Period”). The lawsuit seeks to recover damages for Eastman Kodak Company investors under the federal securities laws.
If you bought Eastman Kodak Company securities between July 27, 2020 through August 11, 2020, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Eastman Kodak Company – KODK
New York, N.Y., September 15, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Eastman Kodak Company (NYSE: KODK) between July 27, 2020 and August 11, 2020 inclusive (the “Class Period”).
To join the KODK class action, go to http://zhanginvestorlaw.com/cases/eastman-kodak-company/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take not action at this time.
According to the lawsuit, throughout the Class Period material information pertaining to the Company’s business and operations, which were known to defendants or recklessly disregarded by them. Specifically, the defendants failed to disclose that the Company had granted several insiders millions of dollars’ worth of stock options, immediately prior to the Company publicly disclosing that it had received a $765 million loan from the U.S. International Development Finance Corporation to produce drugs to treat COVID-19, which defendants knew would cause Kodak’s stock to immediately increase in value once the deal was announced. In addition, while in possession of this material non-public information, Company insiders purchased tens of thousands of the Company’s shares immediately prior to the announcement, again at prices that they knew would increase once news of the loan became public. As a result of the foregoing, defendants’ statements about Kodak’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis when made. As a result of this fraudulent scheme, defendants artificially inflated the Company’s stock price throughout the Class Period and made investment decisions based on material, nonpublic information derived from their positions at Kodak. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 13, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/eastman-kodak-company/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.