Judge permits Kodak's patent auction despite Apple's objections
US Bankruptcy Judge Allan Groper said in a Tuesday hearing that struggling Kodak can auction off more than 1,100 patents as part of its bankruptcy restructuring plan, according to a Bloomberg report. The sale will go forward, despite Apple's objection to the auction and its outstanding ownership claims.
Apple previously filed a lawsuit against Kodak claiming that the camera company stole the technology that is included in ten of the patents that Kodak hopes to sell off. Kodak sued to block Apple's ownership claims and the two lawsuits are making their way through the court system.
Kodak said in a statement to Bloomberg that "We are gratified that the court has enabled us to move ahead with our patent auction in a timely manner and with clarity on ownership for the winning buyer." Apple declined to comment.
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