Class Action Lawsuit Filed Against Kodak's Antonio Perez
By: WROC-TV
Updated: January 30, 2012
A Kodak employee is demanding a jury trial for CEO Antonio Perez and Kodak's Board of Directors.
Mark Gedek participates in the company's Savings and Investments Plan and Employee Stock Ownership Plan. The class action complaint filed in federal court on January 27 states that Perez and board members "breached their duties owed to the Plans and to the participants and beneficiaries of the Plans," which violates the Employee Retirement Income Security Act. Gedek's complaint says they did not properly manage the Plans' investment in the company's stock because they did not fully and accurately inform plan participants of Kodak's financial troubles.
You can read the full complaint here.
Mark Gedek participates in the company's Savings and Investments Plan and Employee Stock Ownership Plan. The class action complaint filed in federal court on January 27 states that Perez and board members "breached their duties owed to the Plans and to the participants and beneficiaries of the Plans," which violates the Employee Retirement Income Security Act. Gedek's complaint says they did not properly manage the Plans' investment in the company's stock because they did not fully and accurately inform plan participants of Kodak's financial troubles.
You can read the full complaint here.
