Creditors Committee Named For Kodak
Updated: Wednesday, July 10 2013, 08:28 PM CDT
Jan 26, 2011 UPDATE: On Kodak's bankruptcy, from Bloomberg News: an unsecured creditors committee has been named.
Committee members include Walmart, Sony and the pension benefit guaranty
The committee will represent creditors during bankruptcy proceedings.
When Kodak filed for bankruptcy last week, the guaranty corporation said it would actively participate to protect.
According to Bloomberg News, Kodak sponsors two traditional pension plans that cover almost 63,000 people. The plans are 86 percent funded, with about $4.9 billion in to cover about $5.6 billion in benefits, the guaranty corporation said.