Kodak Looks to 2012 Bankruptcy to Guard Against Asbestos Claims

Eastman Kodak Co. asked a New York bankruptcy court to reopen its 2012 Chapter 11 case and enforce its discharge from asbestos injury lawsuits.

The Travelers Indemnity Co. and Travelers Casualty and Surety Co. want Eastman Kodak to indemnify the insurer in asbestos injury lawsuits recently brought against an old, dissolved Kodak subsidiary called Ridge Construction Corp, according to Kodak’s Aug. 14 court filings.

Traveler’s indemnity demand is based on a settlement agreement with Kodak more than 10 years before the film company filed bankruptcy, Kodak said. But that agreement was “rejected” and effectively eliminated by Kodak’s reorganization plan approved ...