Kodak, Wachovia End Contract Spat Over $30M Loan

Law360, New York (January 5, 2010, 5:06 PM EST) -- Eastman Kodak Co. and Wachovia Bank NA have agreed to shutter Kodak's long-running breach of contract suit accusing the bank of misappropriating a $30 million loan that Kodak made to struggling Wolf Camera Inc. in March 2000.

Judge Michael A. Telesca of the U.S. District Court for the Western District of New York on Dec. 28 approved the parties' Dec. 23 stipulation and order of dismissal with prejudice.

Each side will bear its own costs and attorneys' fees, according to the motion.

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