Kodak Retirees Want Committee In Ch. 11 Case

Law360, New York (March 13, 2012, 8:59 PM EDT) -- Eastman Kodak Co. retirees on Tuesday objected to the company’s request to terminate medical benefits for some post-1991 retirees and asked a New York bankruptcy court for their own committee in the Chapter 11 case.

EKRA Ltd., an independent association of Kodak retirees, said Kodak’s liability for its unfunded benefits for 56,000 retirees exceeds $1.2 billion, making the group one of Kodak’s largest creditors. Despite this, the retirees, who are not protected by a union, do not currently have a voice in the proceedings, EKRA said....
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