Industry News

Court Confirms Kodak’s Plan of Reorganization

Positions company to complete previously announced transactions and emerge on Sept. 3.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The U.S. Bankruptcy Court for the Southern District of New York confirmed Kodak’s Plan of Reorganization. The plan describes the company’s strategy to emerge from Chapter 11 restructuring as a technology leader serving commercial imaging markets. In confirming the plan, the court said, “It will be enormously valuable for the company to get out of Chapter 11, and begin to regain its position in the pantheon of American business.” The plan also reflects the company’s effective utilization of...

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