Retirees Win Right To Form Committee In Kodak Bankruptcy

Law360, New York (April 16, 2012, 4:50 PM EDT) -- Over a limited objection by equity holders, the judge overseeing Eastman Kodak Co.'s bankruptcy on Monday granted retirees' bid to form a committee to represent their interests in the case, installing a $50,000 monthly cap on its fees for now.

U.S. Bankruptcy Judge Allan L. Gropper said since retirees must be represented in a Chapter 11 case and no unions are involved in Kodak's bankruptcy, the formation of a committee under Section 1114 of the Bankruptcy Code was proper.

“I think it's useful to consider the...
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