We reported earlier that camera and film pioneer Kodak is going through Chapter 11 bankruptcy. Dealing with angry creditors, the company was also going through a legal battle with Apple over the rights to several patents in its patent portfolio.
It seems that Kodak has bitten more than it could chew by suing Apple. Kodak aimed extort some money and save itself from bankruptcy. Counter-lawsuit from Apple, ignoring Kodak’s bankruptcy hit Kodak heavily. Some relief from a judge did not help much. Even International Trade Commission (ITC) could not save Kodak.
According to Bloomberg, Kodak recently was handed another setback in its fight with Apple when US Bankruptcy Judge Allan Gropper told the legendary camera maker that the dispute would be processed as part of the bankruptcy proceedings and would not be fast tracked by the court.
“An adversary proceeding will permit the parties to raise issues in an orderly and expeditious fashion and preserve all of their just rights,” Gropper said in a hearing on Wednesday, 13 June 2012.
The dispute between Apple and Kodak involves imaging patents that Apple says it should own. According to the claims made by Apple, the patents are derived from technology it shared with Kodak when it worked with the camera company on the QuickTake 100, an early digital camera that Apple sold in 1994. Apple accused Kodak of misappropriating this technology and patenting it without Apple’s consent.
However, Kodak, claimed it owned the patents and wanted to sell them to raise money for its bankruptcy proceedings.