Kodak Sues Apple for Interfering with Its Patent Sale
Eastman Kodak on Monday filed a lawsuit in Manhattan against Apple, claiming that the iPhone maker is wrongfully asserting ownership of 10 patents and thereby throwing a wrench into Kodak's efforts to sell those patents. Kodak is accusing Apple of attempting to "delay and derail" its patent sale. In a statement, Kodak said, "Apple's strategy has been to use its substantial cash position to delay as long as possible the payment of royalties to Kodak and to interfere [with the sale]. Apple and FlashPoint (an Apple spin-off that is also claiming ownership) are seeking to benefit from Kodak's difficult financial position, which will be exacerbated if the debtors cannot obtain fair value for the patents." Kodak is requesting that Apple's ownership claims of the patents in question be dismissed.