ERISA Plaintiffs Seek Preliminary Approval Of Kodak Settlement

Mealey's (April 27, 2016, 12:03 PM EDT) -- BUFFALO, N.Y. — Allegations that various fiduciaries violated the Employee Retirement Income Security Act by permitting the Eastman Kodak Employees’ Savings and Investment (SIP) and Kodak Employee Stock Ownership Plans (ESOP) (collectively, the plans) to offer Kodak stock as an investment option even after an objective investigation would have revealed that the stock represented an “extremely risky investment” are on the cusp of resolution with a settlement agreement, according to an April 22 motion filed by the plaintiffs (In re: Eastman Kodak ERISA Litigation, No. 12-6051,...
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