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Kodak Fiduciaries Settle Stock-Drop Lawsuit for $9.7M
Bloomberg BNA Link to more items from this source
Apr. 26, 2016
"Fiduciaries of the Eastman Kodak Co. employee stock ownership plan and savings investment plan agreed to pay $9.7 million to settle a lawsuit accusing them of breaching their ERISA fiduciary duties by offering imprudent investment options.... The settlement represents a recovery of between approximately 20 percent to 50 percent of the total damages allegedly suffered by the participants, according to court filings."

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