Judge Nixes Lawyer Fee Cap For Kodak Retiree Committee

Law360, New York (July 18, 2012, 1:26 PM EDT) -- A New York bankruptcy judge on Wednesday broadened the powers of the official committee of retirees in Eastman Kodak Co.'s bankruptcy, granting its request that his order approving the committee's creation be altered to remove a fee cap and authority-limiting language.

U.S. Bankruptcy Judge Allan L. Gropper approved the motion asking him to clarify and reconsider his April 16 order directing the appointment of the committee under Section 1114 of the Bankruptcy Code, after counsel for the committee and the debtor explained that they have resolved...
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