SEATTLE, Aug. 4, 2006 (PRIMEZONE) -- Keller Rohrback L.L.P. (www.erisafraud.com) today announced that it has commenced an investigation against Eastman Kodak Co. ("Kodak" or the "Company") (NYSE:EK) for potential violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). The investigation focuses on investments in Kodak stock by the Eastman Kodak Employees Savings and Investment Plan and the Kodak Employee Stock Ownership Plan (the "Plans").
Keller Rohrback's investigation focuses on concerns that Kodak and the plans' administrators may have breached their fiduciary duties of loyalty and prudence to the Plans' participants. A breach may have occurred if the fiduciaries failed to prudently manage the Plans' assets, by among other things, offering Kodak stock as a Plan investment option, requiring participants to invest in the stock, and investing and holding Company contributions in the stock at a time when the stock was not a suitable and appropriate investment option. A breach also may have occurred if the fiduciaries withheld or concealed material information from the Plans' participants with respect to the Company's business, financial results and operations, thereby encouraging participants and beneficiaries to continue to make and maintain substantial investments of company stock in the Plans.
If you are a member of the Eastman Kodak Employees Savings and Investment Plan and/or the Kodak Employee Stock Ownership Plan and purchased or held Kodak stock through one of the Plans, you may contact any member of our team (paralegal Jennifer Tuato'o or attorneys Erin Riley, Derek Loeser or Lynn Sarko) toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com.
Keller Rohrback is one of America's leading law firms handling ERISA retirement plan litigation. Our attorneys helped pioneer this field in the Lucent and IKON ERISA breach of fiduciary duty cases--the first large-scale ERISA 401(k) cases filed. Keller Rohrback serves as lead and co-lead counsel in numerous ERISA breach of fiduciary duty cases, including the Enron, WorldCom, Inc. HealthSouth, Global Crossing. and Marsh & McLennan Companies ERISA cases. Recently, Keller Rohrback was appointed lead counsel in the Delphi ERISA case. Keller Rohrback has successfully provided class action representation for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.