Kodak Floats Bidding Procedures For Patent Auction

Law360, New York (June 11, 2012, 11:12 PM EDT) -- Eastman Kodak Co. on Monday asked a New York bankruptcy judge to sign off on bidding procedures for the company's intellectual property portfolio, which includes more than 1,100 patents for capturing, manipulating and sharing digital images.

In a motion filed in the U.S. Bankruptcy Court for the Southern District of New York, Kodak outlined a confidential sale process in which bidders' names and offers will not be disclosed.

"The proposed structure of the auction is tailored to the special nature of the assets," Kodak Vice President...
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