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LAWSUITS FILED AGAINST KODK, FSLY and GLNG - Jakubowitz Law Pursues Shareholders Claims

·3 mins read

NEW YORK, NY / ACCESSWIRE / October 4, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Eastman Kodak Company (NYSE:KODK)

CONTACT JAKUBOWITZ ABOUT KODK:
https://claimyourloss.com/securities/eastman-kodak-company-loss-submission-form/?id=9785&from=1

Class Period : July 27, 2020 - August 11, 2020

Lead Plaintiff Deadline : October 13, 2020

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.

Fastly, Inc. (NYSE:FSLY)

CONTACT JAKUBOWITZ ABOUT FSLY:
https://claimyourloss.com/securities/fastly-inc-loss-submission-form/?id=9785&from=1

Class Period : May 6, 2020 - August 5, 2020

Lead Plaintiff Deadline : October 26, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Fastly's largest customer was ByteDance, operator of TikTok, which was known to have serious security risks and was under intense scrutiny by U.S. officials; (2) there was a material risk that Fastly's business would be adversely impacted should any adverse actions be taken against ByteDance or TikTok by the U.S. government; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Golar LNG Limited (NASDAQ:GLNG)

CONTACT JAKUBOWITZ ABOUT GLNG:
https://claimyourloss.com/securities/golar-lng-limited-loss-submission-form/?id=9785&from=1

Class Period : April 30, 2020 - September 24, 2020

Lead Plaintiff Deadline : November 23, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) certain employees, including the Chief Executive Officer of Hygo Energy Transition Ltd. f/k/a Golar Power Limited ("Hygo"), had bribed third parties, thereby violating anti-bribery policies; (2) as a result, the Company was likely to face regulatory scrutiny and possible penalties; (3) as a result of the foregoing reputational harm, Hygo's valuation ahead of its initial public offering would be significantly impaired; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law



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https://www.accesswire.com/609036/LAWSUITS-FILED-AGAINST-KODK-FSLY-and-GLNG--Jakubowitz-Law-Pursues-Shareholders-Claims