Kodak's $525M Digital Imaging Patent Sale Gets Green Light

Law360, New York (January 11, 2013, 2:48 PM EST) -- A New York bankruptcy judge on Friday approved Eastman Kodak Co.’s $525 million sale of its digital imaging patents portfolio to Apple Inc. and other top technology companies, a significant step in the company’s efforts to emerge from bankruptcy.

U.S. Bankruptcy Judge Allan L. Gropper greenlighted the transaction, which was announced in December and includes buyers like Amazon.com Inc., Microsoft Corp. and Samsung Electronics Co.

“Although the proceeds of the $525 million are less than the amount estimated at the beginning of the case, the amounts of...
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.