Polaroid was ordered to pay damages in a lawsuit.
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A federal court jury in Boston ordered Polaroid to pay $9.75 to investors for each share of its stock they bought during six weeks in 1979, saying it had failed to disclose adverse financial information about its Polavision instant movie camera. The jury said damages must be paid to all investors who purchased Polaroid common stock between Jan. 11 and Feb. 22, 1979, and held that stock until the end of that period or longer. A Polaroid spokesman said the instant photographic company will appeal the decision.
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