Analysts Skeptical About Kodak’s Future Post-Bankruptcy


Analysts Skeptical About Kodak’s Future Post-Bankruptcy

by Joel R. Glucksman on September 13, 2013

Eastman Kodak Co. is expected to officially emerge from bankruptcy protection over the next few days, and once its formal exit is complete, the company will begin focusing its resources on its commercial-imaging business. Although Kodak will emerge greatly transformed from its previous state, many bankruptcy commentators are questioning whether the 125-year-old company will survive in the new digital era.

On the one hand, the company is emerging from proceedings with a smaller workforce, fewer expenses, and a more specific focus on smaller markets and consumer segments, USA Today reports. In addition, the former company was previously owned by several different entities, including financial institutions and investment companies. However, the revitalized company will be operated and managed by a new nine-person board and a handful of investors.

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Published In: Bankruptcy Updates, Business Organization Updates, Finance & Banking Updates, Labor & Employment Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Joel Glucksman, Scarinci Hollenbeck | Attorney Advertising

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