Retirees Seek To Curb Kodak's Leeway To Cut Benefits
The adversary complaint seeks a declaratory judgment that Section 1114 of the Bankruptcy Code, which requires a debtor to show the economic necessity of modifying retiree benefits, applies to nonvested benefits, as well — a stance that Kodak has rejected.
“It is the position of the Retiree Committee that § 1114 governs...
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