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.
Eastman Kodak
A new book titled "The Rockaways," was conceived by The Concord Free Press and printed exclusively with Kodak Digital Technology. It combines visceral photos by renowned Magnum photographer Gilles Peress with the voices of residents of The Rockaways, one of the communities hit hardest by Hurricane Sandy in 2012.
Commercial Printing Industry News Briefs from Printing Impressions’ November 2013 edition, including Arandell, The MATLET Group, Edwards Brothers Malloy, Eastman Kodak,
Kodak has created a Southeastern digital demo center at ImageMark, based here, to showcase its equipment operating in a real-life print production environment. Aside from using Prinergy 6 workflow software, the 130,000-square-foot facility is equipped with NexPress SX3900 (14x36˝ max. sheet) and NexPress S3000 color digital presses, a Digimaster EX 125 and a Magnus 400 platesetter outputting Kodak Thermal Direct process-free plates.
Learn the top 10 reasons why workflow is a top investment priority for the future and what you should expect from your investment.
Kodak and ImageMark Business Services have partnered by opening a new 130,000-square-foot demo facility in Gastonia, NC. ImageMark will use its new digital facility to demonstrate Kodak’s digital technology in a “real-life” daily production environment.
Eastman Kodak will list its common shares on the New York Stock Exchange (NYSE) under the symbol “KODK” with trading beginning on November 1, 2013. "We are pleased to once again be listed on the NYSE," said Antonio M. Perez, Kodak’s CEO. "The change in our symbol reflects that we are a new company that is focused on business-to-business products and services, well-capitalized and firmly committed to delivering value to our shareholders and innovation to our customers.”
ROCHESTER, NY—Eastman Kodak may have exited bankruptcy protection, but its legal issues are continuing. Collins Inkjet, one of its former suppliers, has filed a federal suit against Kodak, alleging the company is illegally suppressing competition, the Rochester Democrat and Chronicle reported.
Once one of Eastman Kodak's key suppliers, Collins Ink, has turned into a considerable legal adversary. In a federal lawsuit filed last week, Collins Inkjet alleges that the Rochester, NY-based printing and imaging company is illegally trying to stifle inkjet ink competition.
Today, Kodak and Collins are the two sole suppliers of inkjet inks used by the Versamark line. And in court papers, Collins said Versamark inks account for about 70 percent of its output.
Eastman Kodak has its first new board chairman since 2005. The Rochester-based printing and imaging company said Tuesday that James V. Continenza had been elected chairman, effective immediately. Antonio M. Perez has been chairman since 2005, when he also was promoted from company president and COO to CEO, replacing retiring Daniel Carp.
In a statement, Continenza said Kodak "is a company poised for growth. I look forward to providing leadership as the company realizes its potential as a technology company focused on the packaging, graphic communications, and functional printing markets."