Kodak shareholders won’t get voice, creditors back Chapter 11 exit

The Kodak logo is seen at the now mostly unused Kodak factory in Rochester, New YorkBy Jonathan Stempel NEW YORK (Reuters) – A federal bankruptcy judge rejected a bid by Eastman Kodak Co shareholders to set up a committee to represent their interests, and the company won the backing of creditors for its reorganization plan as it prepares to seek court approval next Tuesday to emerge from Chapter 11. U.S. Bankruptcy Judge Allan Gropper in Manhattan on Thursday said there was no evidence that Kodak or its creditors were "hiding value" from shareholders, who under the proposed reorganization would lose their investments. …

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