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LOS ANGELES, Aug 18, 2020 (GLOBE NEWSWIRE) – Portnoy law firm advises investors that a class action lawsuit has been filed on behalf of investors in Eastman Kodak Company ("Kodak" or "the Company") (NYSE: KODK), which has been filed between acquired securities on July 27, 2020 and August 7, 2020.
Investors are encouraged to contact Attorney Lesley F. Portnoy by phone at 310-692-8883 or email to determine eligibility to participate in this promotion or click here to join the case.
According to the complaint, the company made false and misleading statements to the market. Kodak did not disclose that it had granted millions of dollars in insider stock options just before the US International Development Finance Corporation publicly announced a $ 765 million loan to develop drugs to treat COVID-19. The company knew that doing so would immediately increase the value of its shares. Kodak insiders also bought tens of thousands of stocks ahead of the announcement and reacted to 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 damage.
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Lesley F. Portnoy, Esq.
Approved CA and NY bar