Kodak Creditors Want To Pursue Claims Against Debtholders

Law360, New York (November 1, 2012, 9:14 PM EDT) -- Eastman Kodak Co.'s official committee of unsecured creditors asked a New York bankruptcy judge Wednesday for permission to prosecute and possibly settle claims against Kodak debtholders in order to avoid their liens and security interests pertaining to certain collateral, including foreign and domestic patents.

The committee argues that it should be granted standing to prosecute the claims since Kodak has waived its ability to go after such claims, they are likely to benefit Kodak’s estate and the grounds for the claims are reasonable.

Kodak and some...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.