Skip to main content

Government Questions Kodak Environmental Settlement

Submitted by webadmin on

Eastman Kodak Co.’s bid to clean up air, soil and water pollution at its corporate headquarters ran into trouble this week as the federal government questioned whether the $49 million set aside for cleanup costs is enough, Dow Jones Daily Bankruptcy Review reported today. Kodak said the government's “new concerns,” raised by U.S. Attorney Preet Bharara, prompted it to adjourn Wednesday’s court hearing on the settlement in order to negotiate a solution. The deal calls for the creation of a $49 million trust to clean up air, soil and water pollution at Eastman Business Park, the 1,200-acre campus in Rochester, N.Y., where Kodak has researched, developed and manufactured products for more than a century.