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

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

 user admin 2014-08-14 at 11:40:28 am Views: 265
  • #40295

    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.
    http://topnews.in/law/files/courts_0.jpg
     

    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.
    http://philmckinney.com/wp/wp-content/uploads/2012/01/Kodak_sign.jpg