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Kodak Bankruptcy Advisers Likely to See 240 Million Payday

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A lawyer tasked with reviewing advisers' fees in Eastman Kodak Co.'s bankruptcy yesterday gave his blessing to more than $240 million in bills, priming them for court approval next week, Reuters reported yesterday. Fee examiner Richard Stern recommended approval of about $235.8 million in fees and another $7.2 million in expenses, according to an report filed with the court yesterday. The fees on Tuesday will go before Bankruptcy Judge Allan Gropper who, absent any objection from Stern, is likely to approve them. In his report, Stern said Kodak fees were reduced by about $8.2 million through consensual deals.