| Company: | Polaroid Corporation |
| Ticker Symbol: | Pink Sheets: PRDCQ |
| Class Period: | January 26, 2000 through August 9, 2001 |
| Court: | Southern District, NY |
| Date Filed: | Sep-05-03 |
| Lead Plaintiff Deadline: | Oct-27-03 |
| Allegations: |
The complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing numerous statements and filing quarterly and annual reports with the SEC describing the Company's financial performance. The Company's auditor, defendant KPMG, also issued unqualified audit opinions regarding the Company's financial statements during the Class Period. As was recently disclosed in a Report issued by Perry M. Mandarino, the Court-appointed Examiner in the Polaroid bankruptcy proceeding, defendants' statements issued throughout the Class Period were materially false and misleading because defendants knew or should have known that the Company's financial condition had significantly deteriorated and was much more severe than was being represented to the public.
If you acquired the securities of Polaroid Corporation during the Class Period you may, no later than October 27, 2003, 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.
If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.
