Kodak Scores Exit From Investors' COVID Supply Deal Suit
By Katryna Perera ( September 26, 2023, 5:20 PM EDT) -- Eastman Kodak Co. has escaped a shareholder derivative suit alleging that current and former officers and directors of the company engaged in insider trading tied to a COVID-19 medical supply deal with the federal government, after a New York federal judge ruled that the company's board determined in good faith and after a reasonable investigation that the suit's claims wouldn't be in Kodak's "best interest."...
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