Kodak Bankruptcy Advisers Likely to See $240M Payday

A lawyer tasked with reviewing advisers' fees in Eastman Kodak Co's bankruptcy on Thursday gave his blessing to more than $240 million in bills, priming them for court approval next week.

Fee examiner Richard Stern recommended approval of about $235.8 million in fees and another $7.2 million in expenses, according to an 87-page report in U.S. Bankruptcy Court in Manhattan.

Bankruptcy is big business for corporate law firms and advisers and Kodak's was no different.