Company: | Eastman Kodak Company |
Ticker Symbol: | NYSE: EK |
Class Period: | April 23, 2003 to September 25, 2003 |
Date Filed: | Jun-13-05 |
Lead Plaintiff Deadline: | Aug-12-05 |
Court: | Central District, CA |
Allegations: |
A lawsuit seeking class action status has been filed in the United States District Court for the Central District of California on behalf of all persons who purchased the common stock of Eastman Kodak Company ("Kodak") between April 23, 2003 and September 25, 2003 (the "Class Period").
The Complaint alleges that Kodak and certain of its officers and directors violated federal securities laws. Specifically, the Complaint alleges that Kodak's financial guidance for the second quarter of 2003, first issued on April 23, 2003, was improper given undisclosed problems within the company. On September 25, 2003, Kodak announced that its then-existing business model had been failing throughout the Class Period and, as a result of operating difficulties, it would be forced cut its historic dividend by 72%. On this news, Kodak's stock price plummeted by 18% to an 18 year-low on September 25, 2003.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
The Complaint alleges that Kodak and certain of its officers and directors violated federal securities laws. Specifically, the Complaint alleges that Kodak's financial guidance for the second quarter of 2003, first issued on April 23, 2003, was improper given undisclosed problems within the company. On September 25, 2003, Kodak announced that its then-existing business model had been failing throughout the Class Period and, as a result of operating difficulties, it would be forced cut its historic dividend by 72%. On this news, Kodak's stock price plummeted by 18% to an 18 year-low on September 25, 2003.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.
Stay Informed
Get the latest on class action lawsuits, settlements & more! Subscribe to our free weekly newsletter.
Get our Newsletter!
Submit a New Complaint
Been wronged by a similar product or service?
Click here to send us your complaint.