Kodak Noteholders Want To Grill Execs Over IP Mistakes

Law360, New York (June 6, 2012, 2:41 PM EDT) -- Eastman Kodak Co. noteholders asked a New York bankruptcy judge Wednesday to allow them to question members of the debtor's management team, saying Kodak's failure to monetize its intellectual property portfolio caused the value of their second-lien notes to drop.

The ad hoc committee of second-lien noteholders and trustee Wilmington Trust NA, which is requesting permission to conduct a Rule 2004 examination under the bankruptcy code, says the debtor has ignored multiple requests for information about the value of the IP portfolio and the operational viability...
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