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Kodak Files for Bankruptcy Protection

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By Kevin Fayle on January 19, 2012 10:13 AM

Kodak Eastman, the iconic American manufacturer of photographic equipment, has filed for Chapter 11 bankruptcy protection. The move comes after weeks of speculation and rumor suggesting that the 132-year-old company was broke and considering bankruptcy. The bankruptcy petition also comes on the heels of a lawsuit Kodak filed against Apple and HTC claiming that the two companies' smartphones infringed on Kodak's patents for transmitting images over cell networks.
Kodak Files for Bankruptcy Protection