High Court Won't Hear Wachovia’s $30M Kodak Suit

Law360, New York (December 12, 2006, 12:00 AM EST) -- Wachovia Corp. has failed to convince the U.S. Supreme Court to hear its argument that Eastman Kodak Co.’s $30 million case against the bank should have been filed in bankruptcy court rather than federal district court.

The High Court’s refusal on Monday confirms a federal appeals court decision that Kodak’s claim was properly filed in district court, rather than in the Chapter 11 proceedings of retailer Wolf Camera Inc.

The Court’s refusal also adds clarity to what kinds of claims can be filed in district court...
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