Eastman Kodak Co
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Information Technology : Technology Hardware, Storage & Peripherals | Small Cap Value
Company profile

Eastman Kodak Company is a global commercial printing and imaging company with technologies in materials science, digital imaging science and software, and deposition processes. The Company provides hardware, software, consumables and services to customers in graphic arts, commercial print, publishing, packaging, electronic displays, entertainment and commercial films, and consumer products markets. The Company operates through seven segments: Print Systems, Micro 3D Printing and Packaging, Software and Solutions, Consumer and Film, Enterprise Inkjet Systems, Advanced Materials and 3D Printing Technology and Eastman Business Park. The Print Systems segment comprises two lines of business: Prepress Solutions and Electrophotographic Printing Solutions. The Micro 3D Printing and Packaging segment comprises two lines of business: Packaging and Micro 3D Printing.

Postmarket

Last Trade
Delayed
$8.78
-0.04 (-0.45%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$8.82
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
9.13
Day's Low
8.67
Volume
(Light)
Volume:
6,333,862

10-day average volume:
35,428,734
6,333,862

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Eastman Kodak Company (KODK) Investigation

10:30 am ET August 7, 2020 (PR Newswire) Print

Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Eastman Kodak Company ("Kodak" or the "Company") (NYSE: KODK). Investors who purchased Kodak securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/kodk.

https://mma.prnewswire.com/media/439152/Bronstein_Gewirtz_and_Grossman_LLC_Logo.jpg

The investigation concerns whether Kodak and certain of its officers and/or directors have violated federal securities laws.

In late July 2020, the Wall Street Journal reported that Kodak had been granted a $765 million government loan under the Defense Production Act ("DPA") "to help expedite domestic production of drugs that can treat a variety of medical conditions . . . including the antimalarial drug hydroxychloroquine." Following the announcement of the DPA loan, Kodak's stock price climbed sharply from a closing price of $2.62 per share on July 27, 2020 to close at $33.20 per share on July 29, 2020. Then, on August 1, 2020, Reuters reported that prior to the announcement of the DPA loan, Kodak "granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an 'understanding' with its board that had previously neither been listed in his employment contract nor made public." Concurrently, market observers questioned why Kodak, historically a technology company, had been selected for a DPA loan related to pharmaceutical supplies over companies with more experience in the pharmaceutical industry. On this news, Kodak's stock price fell $6.91 per share, or $31.62%, to close at $14.94 per share on August 3, 2020.

If you are aware of any facts relating to this investigation, or purchased Kodak shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/kodk. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:Bronstein, Gewirtz & Grossman, LLCPeretz Bronstein or Yael Hurwitz212-697-6484 | info@bgandg.com

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View original content to download multimedia:http://www.prnewswire.com/news-releases/bronstein-gewirtz--grossman-llc-notifies-shareholders-of-eastman-kodak-company-kodk-investigation-301108262.html

SOURCE Bronstein, Gewirtz & Grossman, LLC

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