EPA Gives Kodak Nod For NY Park Cleanup Deal

Law360, New York (February 28, 2014, 4:56 PM EST) -- The U.S. Environmental Protection Agency on Thursday gave its blessing to Eastman Kodak Co.’s settlement with New York protecting it against environmental liabilities related to an $8.5 million industrial complex it sold, which had previously garnered objections when it was announced in bankruptcy court.

The former photography icon’s deal with the New York Department of Environmental Conservation, announced last summer, requires Kodak to provide $49 million for an environmental cleanup trust for the Genesee River and maintenance activities at Eastman Business Park that spans from Rochester...
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