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Friday, 27 July 2012 - Kodak, Apple patent fight to remain in bankruptcy court |
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What their moms named these famous singers.  Slideshow  Kodak, Apple patent fight to remain in bankruptcy court Tweet Share this Email Print Related News Apple says Samsung patent royalty demands unfair Wed, Jul 25 2012 Apple claims $2.5 billion damages in Samsung patent case Tue, Jul 24 2012 Exclusive: Apple, Samsung chiefs disagree on patent values: source Tue, Jul 24 2012 Court allows AMR to keep reins on bankruptcy until December Thu, Jul 19 2012 Tribune finally wins court nod to exit bankruptcy Fri, Jul 13 2012 Related Topics Tech » Media » NEW YORK | Thu Jul 26, 2012 5:35pm EDT NEW YORK (Reuters) - Apple Inc lost on Thursday a bid to transfer its patent dispute with Eastman Kodak Co out of bankruptcy court, a move that could have complicated the photography company's plan to sell the technology. U.S. District Judge George Daniels in Manhattan quashed Apple's bid to have him take up the patent dispute instead of the bankruptcy judge to whom the lawsuit was assigned. In a lawsuit last month in U.S. bankruptcy court in Manhattan, Kodak said Apple, the largest U.S. company by market value, wrongly claimed to own 10 patents arising from work that the companies did together in the early 1990s. Privately held FlashPoint Technology Inc also claimed ownership through an assignment from Apple, which spun it off in 1996, and is also a defendant, Kodak said. The patents include technology that helps camera owners preview photographs on LCD screens. They are part of Kodak's digital-capture portfolio, which the company said includes more than 700 patents for devices such as digital cameras, smartphones and tablets, and has generated more than $3 billion in revenues since 2001. In the case before bankruptcy judge Allan Gropper, Kodak has argued that Apple's claims to the patents are time-barred and are designed to cloud an expected auction of the patents in early August. Gropper has yet to rule on the matter. "These issues are teed up before judge Gropper," Kodak lawyer Brian Glueckstein said at Thursday's hearing. "The claims were barred years ago." District Judge George Daniels, at the end of Thursday's day-long hearing, said he agreed with Kodak that the dispute should remain in bankruptcy court, at least until the judge there rules on some of the key issues. Gropper should have "an opportunity to render a decision on the motion and to have an opportunity to control and move forward the process," Daniels ruled. Apple lawyer Gregory Arovas argued that the dispute involves substantive patent law, which would be best addressed by a federal district judge and required "mandatory withdrawal to district court." Kodak owns about 10,700 patents overall and has hired Lazard to help market the digital-capture portfolio and a digital-imaging portfolio, which includes more than 400 patents. It said more than 20 possible buyers have signed confidentiality agreements. Patent sales are needed under terms of a $950 million loan that Kodak obtained to keep operating while in bankruptcy. Rochester, New York-based Kodak filed for Chapter 11 bankruptcy protection on January 19. Apple is based in Cupertino, California, and FlashPoint is headquartered in Peterborough, New Hampshire. The cases are Eastman Kodak Co v. Apple Inc et al, U.S. Bankruptcy Court, Southern District of New York, No. 12-ap-01720 and Eastman Kodak Co v. Apple Inc et al, U.S. District Court for the Southern District of New York, No. 12-cv-4881. The main bankruptcy case is In re: Eastman Kodak Co et al in the same court, No. 12-10202. (Reporting By Basil Katz; Editing by Tim Dobbyn) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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