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Kodak announces court OK for UK Kodak Pension Plan settlement

Kodak announces court OK for UK Kodak Pension Plan settlement

Rochester, NY -- A Bankruptcy Court judge has approved Kodak’s previously announced comprehensive settlement agreement with the UK Kodak Pension Plan -- the company’s largest single creditor with respect to its Chapter 11 reorganization plan.

In approving the agreement, the Court described it as "a critical step forward."

With the agreement, announced in April, Kodak’s Personalized Imaging (PI) and Document Imaging (DI) businesses will be spun off under the ownership of KPP.

 

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