U.S. District Judge Harold Baer on Thursday ruled that Eastman Kodak Co. executives did not mislead investors about the photography pioneer's deteriorating financial health in the year prior to its bankruptcy, Reuters reported on Friday. Judge Baer dismissed a shareholder lawsuit against Chief Executive Antonio Perez and three former Kodak executives. The Rochester, N.Y.-based company was not a defendant because it is in chapter 11. Shareholders led by Bret Jones, who claimed to have lost $720,384 by investing in Kodak stock, accused the company of making false and misleading statements that suggested optimism it would become profitable, maintain sufficient liquidity, and sell a digital patent portfolio once thought to be worth as much as $3 billion.
