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New Bankruptcy Opinion: Eastman Kodak Co. (Bankr. S.D.N.Y.); Appointment Of Equity Committee Denied As Unnecessary

|Includes:Eastman Kodak Co. (KODK)

Certain holders of common stock issued by debtor Eastman Kodak Company submitted a motion, pursuant to § 1102(a)(2) of the Bankruptcy Code, requesting the appointment of an official committee of equity security holders in Kodak's chapter 11 cases. The Court denied the motion, finding that the appointment is not "necessary" to assure Kodak's shareholders adequate representation in these chapter 11 cases and the costs appear unreasonable in light of the possible benefits.

Link to free copy of full text of the opinion: http://wp.me/p29MeI-6dF

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Stocks: KODK