Kodak facing challenges to bankruptcy plan

Retirees and at least one shareholder are not happy with how the Eastman Kodak Co bankruptcy case has progressed. In a letter to the Bankruptcy Court, a shareholder and attorney in Florida, Matthew Glassman, states that Kodak’s bankruptcy plan is designed to “rob both shareholders and unsecured debt and bond holders.” In a separate matter, retirees have petitioned the court for an official committee to represent their interests in the bankruptcy case.
For more details read, “Kodak bankruptcy plan challenged by shareholder, retirees.

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