Kodak Patent Sale Results Delayed As Auction Runs Long

Law360, New York (August 13, 2012, 10:17 PM EDT) -- Bankrupt Eastman Kodak Co. on Monday delayed the announcement of its patent sale results, saying the auction, which began last week, is still ongoing.

Kodak said in a statement that it agreed with its creditors to push back the timeline for disclosing the outcome, “in light of continuing discussions with bidders.”

The former photography giant didn't specify how much longer the auction — which it described as “a complex and dynamic process” — would last and said it could not comment further on the matter....
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