Kodak bankruptcy emergence accepted by court; shareholders get nothing

Kodak bankruptcy emergence accepted by court; shareholders get nothing - A plan slashing $4.1 billion dollars of debt in order for Eastman Kodak to emerge from bankruptcy has finally been approved by the court. Judge Allan Gropper approved the plan, but at a cost -- the judge said in his ruling that despite the approval, "this is on a day when many are losing retirement benefits, when many are finding that their recovery as a creditor is just a minute fraction" of what was originally promised by the fallen giant ...

(Via MacNN | The Macintosh News Network.)