Kodak in bankruptcy court on Thursday
Posted at: 11/01/2012 6:20 AM
Kodak is back in bankruptcy court Thursday.
A hearing involving health benefits was originally scheduled for Monday but was postponed because of superstorm Sandy.
A judge is expected to decide at 2 p.m. whether to approve an agreement between Kodak and a committee of retired employees.
If approved, healthcare benefits for retirees not eligible for Medicare will stop at the end of this year in return for a cash payout. The amount of that payout depends on Kodak’s successful emergence from bankruptcy.