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Judge Rejects Kodak Shareholder Claims

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Bankruptcy Judge Allan Gropper on Friday ruled against a variety of former Eastman Kodak Co. shareholders hoping the company would compensate them for stock that is now worthless, the Rochester (N.Y.) Democrat and Chronicle reported today. Judge Gropper filed a series of rulings agreeing with Kodak objections to claims filed by the shareholders. The claims were filed in recent months by Kodak shareholders who saw their stock get canceled in September when the company emerged from its 20-month chapter 11 bankruptcy. The claims ranged from hundreds of dollars to more than $100,000.