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...
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