Kodak Given Court OK to Auction Patent Portfolios

“We are gratified that the court has enabled us to move ahead with our patent auction in a timely manner and with clarity on ownership for the winning buyer,” said Timothy Lynch, Kodak vice president and chief intellectual property officer.

As previously announced, interested buyers will be able to submit bids on a confidential basis, subject to review by Kodak, certain of its creditors and the bankruptcy court. The auction is expected to be held in early August.