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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