Kodak Retiree Committee Bid May Be Wolf In Sheep's Clothing

Law360, New York (April 13, 2012, 7:40 PM EDT) -- The judge overseeing Eastman Kodak Co.'s bankruptcy on Monday will weigh retirees' bid to form a committee, but even though the judge will likely approve the move — which has received Kodak's support — retirees still could end up holding the short end of the stick.

Kodak changed course in its Chapter 11 case April 4 when it asked U.S. Bankruptcy Judge Allan L. Gropper to appoint a committee of retired employees under Section 1114 of the Bankruptcy Code. On the same day, it said it...
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