Kodak Gets Go-Ahead For Controversial Patent Sale

Law360, New York (July 2, 2012, 6:26 PM EDT) -- A New York bankruptcy judge on Monday ruled that Eastman Kodak Co. can go forward with its highly sought-after sale of a portfolio of 1,100 digital imaging patents, after the bankrupt photography giant resolved objections from a number of licensees.

U.S. Bankruptcy Judge Allan L. Gropper granted approval to Kodak's motion for an order authorizing the sale of its patent assets free and clear of claims and interest, establishing a competitive bidding process and authorizing the sale of the assets. The issue has been a contentious...
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