KODAK SHAREHOLDERS PETITION DENIED IN COURT

A motion filed by Eastman Kodak stockholders to have the court establish an official committee to represent the interests of equity security holders in the Chapter 11 case was denied Thursday in US Bankruptcy Court.
The judge wrote, “After a thorough review of the record, including the evidence and testimony submitted by the parties at an August 5, 2013 hearing, the court finds that an equity committee is not necessary and that the costs of such a committee would be unreasonable in light of any possible benefits.”
Kodak plans to appear before the judge Tuesday to seek approval of its reorganization plan.

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