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Tag - Auctionindustry
Eastman Kodak is scheduled to appear before federal bankruptcy Judge Allan Gropper on August 30. Kodak is in the middle of an digital imaging patent portfolio auction to attempt to raise billions of dollars to pay back the lenders that supported it through its Chapter 11 bankruptcy. The August 30 hearing date suggests that Kodak expects to have the auction process wrapped up by August 23, as according to judicial instruction, the company has to give at least seven days notice of an auction conclusion hearing.