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  1. #1

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    The Cost of Kodak's Bankruptcy

    The bill came in, and it's a doozy, a quarter billion dollars to the lawyers.

    http://finance.yahoo.com/news/kodak-...dScHkABQrQtDMD

  2. #2
    MDR
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    I should have gone to law school instead of art school.

  3. #3
    AgX
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    Those costs are in part due to not charging a bancruptsy trustee with the case, but letting Kodak run the affair themselves, including hiring a great number of law firms.

    Nevertheless over here, where that trustee approach is applied, there is a lot of criticism at those trustees. Here their fee is regulated in such a case on 0.5% of the resting assets.
    But a trustee himself can hire in advisory firms who then crank up costs.
    (The demise of the GDR was probably a paradise for advisory firms...)

  4. #4
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    Kodak seems to have learned nothing... LOL still just love to bleed money everywhere lol
    ~Stone | "...of course, that's just my opinion. I could be wrong." ~Dennis Miller

  5. #5

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    Any corporate bankruptcy or transaction (acquisition, divestiture, merger) is a gigantic pay day for the advising investment bank(s), legal firm(s), accounting firm(s), Monitors (bankruptcy), and consulting/strategy firms (McKinsey, Bain & Company, etc.).

  6. #6

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    Quote Originally Posted by StoneNYC View Post
    Kodak seems to have learned nothing... LOL still just love to bleed money everywhere lol


    ??

  7. #7
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    To bad the stock holders are not litigating against the top brass.
    Items for sale or trade at www.Camera35.com

  8. #8
    JLP
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    Quote Originally Posted by StoneNYC View Post

    Kodak seems to have learned nothing... LOL still just love to bleed money everywhere lol


    ??
    More ??
    _______________
    Jan Pedersen
    http://janlpedersen.com

  9. #9
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    Quote Originally Posted by JLP View Post
    More ??
    I'm not sure what everyone is confused about.

    Kodak has been resting on its laurels, and spending excess money and not making a profit for a while now. It's why they went into bankruptcy in the first place, because they weren't more careful about how they ran things, (yes I understand the bottom dropped out on them, but they also did a lot of bad business and poor investments and the board ran it into the ground) and if they spent so much on all the legal stuff without actually being cautious about it little more, it shows that they haven't really learned anything from their past mistakes that's what I meant. Whether you agree with me is another story, this is just one man's opinion, as my signature says...
    ~Stone | "...of course, that's just my opinion. I could be wrong." ~Dennis Miller

  10. #10

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    you said " still" as if after alaris was formed they continue to act irresponsibly ...
    its rather strange seeing YOU are relying in the regrouped kodak to sell you
    sheet film of their movie stock ...

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