The Newsroom

Investigations  /  11.13.2020

Investigation of Eastman Kodak Company

You Have Legal Options

Eastman Kodak Co. (KODK) Admits to Having Deficient Internal Controls   

The Financial Times recently reported that in July Kodak gave five former executives stock worth millions of dollars in exchange for stock options they did not own, which resulted in former officers and employees exercising 300,000 options they had previously forfeited.  According to Kodak’s chief financial officer, Kodak’s “controls were inadequate with regard to the timely input and verification of master data updates for equity grants and therefore, resulted in errors or misstatements in employee equity account balances.” Kodak took a $5.1 million expense in the third quarter related to the options. 

  • If you would like more information about your rights and potential remedies please send us a message. 

  • Please Note: Neither the submission to nor the receipt of information by Robbins LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

How can we help you?

CONTACT US TODAY | 1 800 350 6003 or [email protected]

Tell us your concerns