On Tuesday, 3 July 2012, US Bankruptcy Judge Allan Groper said in a hearing that struggling Kodak can auction off more than 1,100 patents as part of its bankruptcy restructuring plan. This was reported by Bloomberg.
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.
We reported earlier that Kodak had planned to sue Apple, claiming Apple violated the patents related to digital photography. There are rumors that Kodak is going to be bankrupt soon and is trying get some money from Apple by filing this lawsuit. Kodak has a lot to lose in this lawsuit.
There have been news reports of Apple suing various companies like Samsung and Android lately. However, there is no dearth of companies that are suing Apple and would probably give up anything to win a lawsuit against Apple.