A Natick investor has sued former and current Polaroid Corp. executives and its auditor in federal court in Boston, alleging the photo company violated securities law leading up to its October 2001 bankruptcy. Stephen J. Morgan's class-action suit, filed Friday, claims the executives, including former chief executive Gary DiCamillo, and auditor KPMG LLP, misled investors through improper accounting and a failure to warn of deteriorating business operations.
Posted by Editor at September 30, 2003 10:49 AM