Kodak Retirees Seek To Protect Health Benefits In The Face Of Chapter 11 Proceedings
The Associated Press/Washington Post: Kodak Retirees Seek Appointment Of Committee To Protect Benefits Amid Chapter 11 Proceedings
Some former Kodak employees are asking a judge to appoint a retiree committee to protect their benefits as the photography company reorganizes under bankruptcy protection. The retirees say in a motion filed in U.S. Bankruptcy Court in New York that a committee is appropriate given Kodak's current proposal to end health care benefits for about 16,000 retirees who are eligible for Medicare (3/13).