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...
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