Kodak Scores Deal To Avoid Enviro Liabilities

Law360, New York (June 21, 2013, 5:03 PM EDT) -- Eastman Kodak Co. on Friday landed a deal with the New York Department of Environmental Conservation that will protect it against environmental liabilities related to the 1,200-acre industrial complex it is selling for $8.5 million.

Under the terms of the deal, the bankrupt company will set up a trust for the remediation of environmental conditions at Eastman Business Park and the Genesee River. The trust will be partly funded by the proceeds of the sale of the park to Red-Rochester LLC, which was approved by a...
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Case Information

Case Title

Eastman Kodak Company


Case Number

1:12-bk-10202

Court

New York Southern

Nature of Suit

Date Filed

January 19, 2012

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Companies

UK Financial Services

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