16.02.2012 01:05 Uhr, Quelle: MacNN

Kodak cleared to get $950m bankruptcy financing

The judge overseeing Kodak's bankruptcy proceedings has approved the company's proposed $950 million financing arrangement between itself and its lenders and bondholders. Kodak filed for Chapter 11 protection in January and sought to use the funds while it sold off some of the 1,100 patents it held to generate cash while it restructured itself and continued to make payroll. The judge, Allan L. Gropper of the US Bankruptcy Court for the Southern District of New York, approved the arrangement despite a series of suits and counter-suits between Kodak and Apple over som

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