Kodak Dodges Pricey Payout In SC Pollution Settlement

Law360, New York (January 18, 2013, 4:58 PM EST) -- A federal bankruptcy judge on Thursday approved a settlement between Eastman Kodak Co. and South Carolina that gives the state only a tiny fraction of the $30 million it had sought for cleanup costs at a former chemical company site.

The $42,000 settlement comes after the South Carolina Department of Health and Environmental Control in July asserted a $30 million claim in Kodak’s bankruptcy proceedings alleging that Kodak arranged for the disposal of hazardous substances at the Philip Services Corp. site in Rock Hill, S.C., and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.