From Earlier: Kodak Wins Approval to Auction Digital Imaging Patents
Yesterday , Eastman Kodak Company (OTC: EKDKQ) obtained approval from the Bankruptcy Court to conduct an auction to sell its Digital Capture and Kodak Imaging Systems and Services (KISS) patent portfolios.
Kodak's motion was contested by Apple, Inc. (NASDAQ: AAPL) and FlashPoint Technologies, Inc. which have asserted “ownership” interests in a small number of the 1,100 patents in the portfolios. The Bankruptcy Court, over Apple and Flashpoint's objections, found that all of the patents in the Digital Capture and KISS patent portfolios are property of Kodak's estate. Accordingly, the Court granted Kodak the right to sell these patents free and clear of Apple and FlashPoint's claims at the auction, subject to the applicable provisions of the U.S. Bankruptcy Code.
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