By AP | April 29, 2012 ROCHESTER, NY (AP) — Lawyers are set to debate whether Eastman Kodak Co. should pay $13.5 million in bonuses to retain key employees as it reorganizes under bankruptcy protection. About $8.5 million would go to 119 middle …

By Andre Tartar As it continues hemorrhaging money and partners, massive New York law firm Dewey & LeBoeuf got an extra bit of bad news on Friday. It is being investigated by Manhattan District Attorney Cyrus Vance. As Bloomberg reported yesterday: …

AP ROCHESTER, NY — Lawyers are set to debate whether Eastman Kodak Co. should pay $13.5 million in bonuses to retain key employees as it reorganizes under bankruptcy protection. About $8.5 million would go to 119 middle managers and $5 million more to …

MF Global commodity customers whose cash vanished when the firm collapsed last year are owed $1.6 billion.
up significantly from previous estimates — the trustee tasked with recovering the money said on Friday.

The revised figure reflects growing concerns that the trustee will not be able to claw back $700 million in customer money trapped overseas. Until now, the trustee did not include the $700 million when projecting the shortfall, hoping to avoid a battle with MF Global’s British arm, which is holding the customer money.

Eastman Kodak, which recently filed for bankruptcy, says it will no longer produce digital cameras, which it invented in 1975.

Kodak said it would also stop producing pocket-sized video cameras and digital photo frames, the Chicago Tribune reported.
The company filed for Chapter 11 bankruptcy protection last month. Kodak said it would seek to license its brand name to other device makers in an effort to increase profits and emerge from bankruptcy.