Eastman Kodak Company (KODK)

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Eastman Kodak Shareholders Seek to Recover their Losses (Deadline to Join) - Business Journal


New York, New York--(Business Journal. - September 4, 2020) - Tripp Levy PLLC, a global investor rights law firm, announces that a group of current shareholders of Eastman Kodak Company (NYSE: KODK) who have purchased the shares since at least May, 2020 are seeking to recover damages from their losses. Their is no cost or expense to participate with other shareholders.

The shareholders allege that Kodak 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 they 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you purchased shares of Kodak since at least May 2020 and currently hold the shares you are eligible to participate at no cost or expense to you with other shareholders to obtain a recovery. The deadline to participate is fast approaching, however. If you would like to join please contact us toll free at 800 511 7037

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