Eastman Kodak faces a new hurdle in its attempt to climb out of bankruptcy
Sat, 01 Jun 2013 16:18:16 GMT —
As it prepares to emerge from bankruptcy, Eastman Kodak is still wrestling with its legacy as an industrial polluter.
Federal and state officials have filed a dozen claims for past environmental damage against the Rochester company, including demands for up to $10 million to address toxic silver contamination of sediments in the Genesee River.
At the same time, Kodak is negotiating with a state agency to create an environmental trust that would become responsible for ongoing and future cleanup of historic contamination at Eastman Business Park.
Kodak would endow the fund with $49 million then wash its hands of future liability.