This Week
  • CFO David Klein is leader of the financial team at Constellation Brands.

  • CEO Eric Converse has VirtualScopics on the verge of generating cash.

  • MaeTec Power Inc. began as a part-time operation in 2003.

  • Renovations of buildings downtown are helping to give new life to the center city.

  • Mirror Show Management grabbed the top spot on the 2015 Rochester Top 100.

  • Liz Madison is bringing the farm to doorsteps across Wayne and Monroe counties.

Reimbursements requests for work on Kodak bankruptcy total $28.4 million

Rochester Business Journal
June 21, 2012

Fee and expense requests submitted this week for legal and accounting work done for Eastman Kodak Co. in the former camera giant’s bankruptcy total $28.4 million.

Bankruptcy Court Judge Allen Groper is slated to consider reimbursement requests submitted this week by 14 law and accounting firms working for Kodak in its Chapter 11 at a July 18 hearing.  The fee applications cover billings for work done between the Jan. 19 filing date of Kodak’s bankruptcy petition and April 30.

The largest single request—$10.9 million in fees and some $167,000 in expenses—comes from Sullivan & Cromwell LLP, the New York City firm serving as Kodak’s chief bankruptcy counsel.

In a separate development, Kodak on Wednesday filed a motion seeking to disallow $9.1 million in unsecured vendor claims.

Submitted for so-called administrative expenses, the claims Kodak wants to scrub fall under section 503(b) (9) of the Bankruptcy Code, a provision that puts claims for goods shipped in the 20 days prior to a debtor’s bankruptcy filing first in line for payment.

In papers filed June 20, Kodak seeks to disallow a grab bag of 503(b) (9) claims, contending that they are either duplicates of earlier claims, were not timely filed or were additions to previously submitted claims.      

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail

What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment


Not registered? Sign up now!

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google