Kodak files for bankruptcy protection, sues Samsung for alleged patent infringement

By on Jan 19, 2012 in Business, United States Comments

Eastman Kodak Company filed for bankruptcy protection on Thursday, January 19, 2012, a day after the company sued Samsung Electronics Co. Ltd. for alleged patent infringement.



Kodak logo
Image Credit: Kodak.com

According to a post at KodakTransforms.com, Kodak and its U.S. subsidiaries filed voluntary petitions for Chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York.

Kodak, the 131-year-old company that has been struggling for decades against its competitors, noted that the company will pay employee wages and benefits, continue customer programs, and will honor all post-petition obligations to suppliers in the ordinary course.

Kodak is taking a significant step toward enabling our enterprise to complete its transformation,” Eastman Kodak Company Chairman and CEO Antonio M. Perez was quoted in the press release.

“At the same time as we have created our digital business, we have also already effectively exited certain traditional operations, closing 13 manufacturing plants and 130 processing labs, and reducing our workforce by 47,000 since 2003.” Mr. Perez added.

Apparently, Kodak, which was founded by George Eastman in 1880, filed a lawsuit in the U.S. District Court for the Western District of New York on Wednesday, January 18; accusing certain Samsung tablets infringe patented Kodak digital imaging technology.

Kodak noted that it has licensed its digital imaging patents to more than 30 leading technology companies, including LG, Motorola, and Nokia, with all of the licenses royalty-bearing to Kodak.

Nevertheless, Kodak said that five patents complaints were filed against Samsung, which include “Electronic Camera For Initiating Capture of Still Images While Previewing Motion Images” and “Capturing Digital Images to be Transferred to an E-Mail Address”, among others.



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