Kodak Ducks Claims It Misled Investors On Road To Ch. 11

Law360, New York (November 9, 2012, 4:54 PM EST) -- Kodak and its directors skirted a potential class action Thursday in New York federal court when a judge ruled that the investor suing the camera giant failed to prove that its leaders intentionally hid plans to file for bankruptcy.

U.S. District Judge Harold Baer agreed that investor Timothy Hutchinson had failed to show that Kodak CEO Antonio Perez, Chief Operating Officer Philip Faraci and Chief Financial Officer Antoinette McCorvey knew about Kodak's bankruptcy plans sooner than they were made public, or that they intentionally deceived investors...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Hutchinson v. Perez et al


Case Number

1:12-cv-01073

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Harold Baer

Date Filed

February 10, 2012

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.