New York, New York--(Newsfile Corp. - August 24, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Eastman Kodak Company (NYSE: KODK) alleging that the Company violated federal securities laws.
Class Period: July 27, 2020 and August 7, 2020
Lead Plaintiff Deadline: October 13, 2020
Learn more about your recoverable losses in DNK:
According to a filed complaint, defendants failed to disclose that the Company had granted its Executive Chairman, 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. In addition, while in possession of this material non-public information, 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.
Shareholders have until October 13, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the KODK lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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