Kodak Didn’t Break Law When Loan Was Revealed, Special Committee Finds
From the archive

Kodak Didn’t Break Law When Loan Was Revealed, Special Committee Finds

A special committee hired by Eastman Kodak Co.’s board found several governance issues at the firm concerning the July announcement of a planned $765 million loan from the U.S. government, but said none of those issues violated the law. The release of the review’s findings comes roughly a month after the special committee retained the

Akin Gump Strauss Hauer & FeldAkin Gump Strauss Hauer & Feld LLPconsumer goodscorporatecorporate governanceEastman Kodakenvironmentalgovernanceindustrial newsJim ContinenzaKODKleisuremanagementphotographic equipmentsocialtechtravel goods

A special committee hired by Eastman Kodak Co.’s board found several governance issues at the firm concerning the July announcement of a planned $765 million loan from the U.S. government, but said none of those issues violated the law.

The release of the review’s findings comes roughly a month after the special committee retained the law firm Akin Gump Strauss Hauer Feld LLP to conduct the internal review.

The…

Source link

Sources