San Francisco
415-362-0449
Modesto
209-521-8100

Kodak Chapter 11 Reorganization Plan Faces Challenges, Requests forAppointment of Retiree and Shareholder Committees

A shareholder in Eastman Kodak Co. has filed a significant objection to the company's chapter 11 reorganization plan, which provides for the effective elimination of the company's stock.  Shareholder Matthew Glassman argues that equity holders need representation in the case and that the reorganization plan “is a blatant attempt to rob both the shareholders and unsecured debt and bond holders of money and shares that are rightfully theirs.” Kodak is also facing challenges by retirees, and the bankruptcy court has set a hearing for June 20, 2013, to consider creating an official committee of retirees in connection with unfunded retirement programs Kodak eliminated when it filed for bankruptcy.  Read more here.

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221 Sansome Street, Third Floor
San Francisco, CA 94104

Phone: 415-362-0449
Fax: 415-394-5544
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Modesto
914 Thirteenth Street
Modesto, CA 95354

Phone: 209-521-8100
Fax: 209-236-0172
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