LOS ANGELES–(BUSINESS WIRE)–$KODK #KODK—The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Eastman Kodak Company (“Kodak” or “the Company”) (NYSE: KODK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between July 27, 2020 and August 7, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before October 13, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Kodak failed to disclose that it had granted insiders stocks options worth millions just before the public announcement of a $765 million loan from the U.S. International Development Finance Corporation to develop medicines to treat COVID-19, an announcement which the Company knew would immediately increase the value of its shares. Kodak insiders also purchased tens of thousands of shares before the announcement, acting on the news before it went public. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Kodak, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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