Kodak Asks To Reopen Bankruptcy To Shake Off Insurers

Law360 (August 14, 2019, 10:04 PM EDT) -- Eastman Kodak Co. on Wednesday asked a New York bankruptcy court to reopen its 2012 restructuring case so that it can shut down indemnification demands by Travelers and another insurer over recent asbestos lawsuits that name a long-defunct construction subsidiary.

In Wednesday's motion to reopen the case and enforce the 2014 Chapter 11 plan that lifted the company out of bankruptcy, Kodak said that while it had previously reached settlements with Travelers Indemnity Co. and Lumbermens Mutual Casualty Co. requiring the photo company to indemnify the insurers for just this sort of asbestos claim, those agreements are dead and buried in...

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