Kodak bankruptcy faces environmental issues

As it struggles to exit bankruptcy successfully, Eastman Kodak first must deal with ghosts from its past. Multiple claims have been filed by state and federal officials claiming that the company owes millions of dollars for environmental damage to the Genesee River.

The environmental issues relate to toxic chemicals that were leaked and spilled at the Eastman Business Park in New York. Kodak paid over $2 million in 1990 for violations of environmental laws. As part of its bankruptcy, Kodak is proposing to fund a trust to deal with the problem.

For more read, “Kodak offers $49M trust for environmental issues.”

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