Sloane Martin posted on January 24, 2013 11:52
One of the largest creditors of Eastman Kodak has sold its claim for pennies on the dollar.
The Kodak Retirees' Beneficiary Association has announced the sale of its roughly $635 million claim for $70 million cash.
The former photo pioneer has billions of dollars worth of IOUs still on the table following its bankruptcy filing last year.