Kodak Trustee Sues Taiwan-Based Manufacturer Altek Corp. to Recover $49.2M

The trustee appointed in Eastman Kodak's bankruptcy sued to recover payments of about $49.2 million that were made to Altek Corp. in the 90 days before the photography pioneer’s Chapter 11 filing.

Alan Halperin, acting on behalf of a trust created to liquidate some assets, is seeking to claw back any transfers made “to and for the benefit of” Altek, a Taiwan-based maker of digital cameras, according to a filing today in U.S. Bankruptcy Court in Manhattan.

Halperin asked the court to direct Altek to pay $49.2 million plus interest and costs.