Kodak get $43M in Settlement Deal With Ricoh But Wont Pay-Off Collins

[Anonymous]

Kodak get $43M in Settlement Deal With Ricoh But Wont Pay-Off Collins Inkjet Corp
By MIKE DICKINSON

Eastman Kodak Co. and Ricoh Co. Ltd. are starting over with a clean slate but Kodak is still haggling in U.S. courts with Collins Inkjet Corp as previously reported on Tonernews over $1.9M in past due invoices that they refuse to pay :
https://tonernews.com/forums/topic/websitecontent-40289/

In a filing Wednesday with the U.S. Securities and Exchange Commission, Kodak said it had reached a settlement with Ricoh that closes out a variety of legal complaints between the Rochester-based printing technology firm and Japanese imaging and electronics giant.

 

Those complaints had included a 2012 Kodak lawsuit claiming Ricoh was violating a patent license agreement with its Pentax camera business; an appeal of that case filed in April by Ricoh; as well as claims filed against Kodak in its Chapter 11 bankruptcy.

With the settlement, there are no open legal beefs between the two. The terms include a $43 million cash payment to Kodak, which Kodak said it has already received.

[Author]

August 14, 2014 at 11:40 AM