1 Updates
Apple Appeals Kodak Bankruptcy Ruling
Photo Credit: Getty Images

Apple Appeals Kodak Bankruptcy Ruling

Aug 23 2012, 11:44pm CDT | by

This is just unfortunate for everyone involved

Not content to be in the middle of just one epic corporate patent battle, Apple is striking back at a federal judge after he decided that Apple could not prevent Kodak from selling off two of its...

Filed under: news

Full Story below YouTube Videos

 
 

 

1 year ago

Apple Appeals Kodak Bankruptcy Ruling

Aug 23 2012, 11:44pm CDT | by

This is just unfortunate for everyone involved

Not content to be in the middle of just one epic corporate patent battle, Apple is striking back at a federal judge after he decided that Apple could not prevent Kodak from selling off two of its patents that Apple claimed were infringing on its own patents.

Kodak is in the middle of a gigantic bankruptcy ordeal, and in the process of reorganizing the company it is liquidating as many of its assets as possible. This of course includes its intellectual property. Kodak is giving away a slew of its patents to the highest bidder.

But a handful of those patents should never have belonged to Kodak in the first place, Apple claims, because Apple already owned similar patents that were certified before Kodak claimed them.

US Judge Allan Gropper found that there was a legitimate question about eight of the 10 patents Apple claimed, but let two of them go. Apple has appealed the decision and is not content with those two slipping through the cracks.

If Apple wins, of course, it doesn't really take home much other than a sense of satisfaction. Every company is trying to get what it can out of Kodak, so Apple is just another kid at the table.

Kodak has a total of more than one thousand patents up for sale, so two patents won't cause a huge shift in its bankruptcy process. But on the flip side, the company needs everything it can get, and it also needs all of its legal power to focus on the reorganization.

This hassle with Apple is just a lose-lose situation.

Via BusinessWeek

 

Don't miss ...

 

<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
With more than 10 years as a professional writer, Mark Raby has an undeniable pulse on the latest trends. From the quiet rumors to the breaking news of the day, his eagle eye is always focused on the newest scoop and figuring out how and why the big newsmakers are noteworthy and relevant. He is based in New York City.

 

blog comments powered by Disqus

Latest stories

Apple: Rotting From The Core?
Apple released results on April 23: The company announced higher dividends, increasing stock buybacks from $60 billion to $90 billion, a 7 for 1 stock split, and higher earnings. The stock shot upward by $44 per share...
 
 
Apple Reportedly Releasing Upgraded Versions of 11-Inch and 13-Inch MacBook Airs
Apple Reportedly Releasing Upgraded Versions of 11-Inch and 13-Inch MacBook Airs Next Week
The updated models of 11-inch and 13-inch MacBook Airs might get released as early as Tuesday
 
 
Apple's Sales Figures Prove A Sad Fact: There's Still No PC As Desirable As A Mac
Mac sales make up just a tenth of Apple's revenue, but they’ve received a significant amount of attention following the company’s quarterly report yesterday, both from analysts and from the CEO Tim Cook himself. Cook’s...
 
 
Apple's Analysts Almost Universally Positive On The March Quarter Results
Apple’s shares are up over $40 today driven by its very solid March quarter results and better than expected guidance for the June quarter. I have summarized over a dozen sell-side notes below and many analysts have...
 
 
 

Latest from the Network

Google's top social networking executive departs
SAN FRANCISCO (AP) — Google's top social networking executive is leaving the Internet company after a nearly eight-year stint highlighted by an audacious challenge to Facebook. Vic Gundotra fittingly...
Read more on Business Balla
 
Shark Tank Hopeful Master Ron Tramontano on Target to Bring the Virtual Martial Arts Competition to the World
Boca Raton, FL, April 24, 2014 --(PR.com)-- In a brief interview today, Master Ron Tramontano announced that he is in the running to bring his popular Virtual Martial Arts Competition to the ABC reality series, "...
Read more on TV Balla
 
Shark Tank Hopeful Master Ron Tramontano on Target to Bring the Virtual Martial Arts Competition to the World
Boca Raton, FL, April 24, 2014 --(PR.com)-- In a brief interview today, Master Ron Tramontano announced that he is in the running to bring his popular Virtual Martial Arts Competition to the ABC reality series, "...
Read more on Sport Balla
 
Shark Tank Hopeful Master Ron Tramontano on Target to Bring the Virtual Martial Arts Competition to the World
Boca Raton, FL, April 24, 2014 --(PR.com)-- In a brief interview today, Master Ron Tramontano announced that he is in the running to bring his popular Virtual Martial Arts Competition to the ABC reality series, "...
Read more on Business Balla
 
Apple: Rotting From The Core?
Apple released results on April 23: The company announced higher dividends, increasing stock buybacks from $60 billion to $90 billion, a 7 for 1 stock split, and higher earnings. The stock shot upward by $44 per share...
Read more on Apple Balla
 
Viola Davis used to search bins for food
Viola Davis used to search through the bins for food. The Oscar-nominated actress admits she's ashamed of her childhood because she was so poor growing up that she would steal from her local shop and hunt through...
Read more on Celebrity Balla
 
4 Steps To Reaching Your Money Goals -- Faster!
By Stella Grizont This post originally appeared on LearnVest. I don’t know about you, but when it comes to managing my finances, I can often come up with a whole list of things I’d much rather do … including cleaning...
Read more on Business Balla
 
Apple's Analysts Almost Universally Positive On The March Quarter Results
Apple’s shares are up over $40 today driven by its very solid March quarter results and better than expected guidance for the June quarter. I have summarized over a dozen sell-side notes below and many analysts have...
Read more on Business Balla
 
Can China Lead? Highlights And Thoughts From Harvard China Forum
This past weekend I went back to my alma mater to attend the annual Harvard China Forum, where a handful of the organizers are my personal acquaintances. With 1,200 attendees and a $100,000 budget, it is perhaps the...
Read more on Business Balla
 
A Secret Of Customer Service Training You Can Learn In The Shower (Or At The Ritz-Carlton)
I remember one time when my hair got really, really dirty–I’d been at camp. When finally under the blissful flow of the shower head, my temptation was to wash my hair eight or nine times in a row. Which didn’t really do...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla