History in the making…
On Monday U.S. Bankruptcy Judge Alan Gropper approved the agreement between Kodak and an official employee committee. That will end health insurance for retirees at the end of the year. All to be discontinued is survivor benefits for souses of retirees. Judge Gropper called the move fair and reasonable. I know all 56,000 retirees and surviving dependents totally disagree.
On Thursday, U.S. District Judge Harold Baer dismissed a shareholder lawsuit against Chief Executive Antonio Perez and three former Kodak executives. The suit claimed that in the four months leading up to Kodak’s bankruptcy filing that investors were misled by false and misleading statements. Judge Baer concluded that there was no grounds that the executives intended to defraud anyone, and indeed they had used their “best efforts” to successfully transform the company.
Kodak’s Document Imaging division will be at the Share Point Conference 2012, next week Las Vegas. The Conference is dedicated exclusively to Microsoft SharePoint and supporting technologies. Kodak will meet with imaging professionals to show off their Info Activate Solution for better workflow and content management applications through SharePoint.