ROCHESTER, NY—Eastman Kodak is hauling a number of financial heavyweights to court, including Goldman Sachs Group and JPMorgan Chase & Co., alleging these companies conspired with commodities traders, hedge funds and other interests to manipulate commodities markets and breach antitrust laws at Kodak's expense, the Rochester Business Journal reported.
The Goldman Sachs Group and JPMorgan Chase & Co., in concert with hedge funds, commodities traders and others, manipulated commodities markets, breaching antitrust laws and costing Eastman Kodak Co. dearly, Kodak claims in a lawsuit.
Filed July 28 in U.S. District Court in Rochester, NY, the action maintains Goldman Sachs and nine alleged U.S. and foreign co-conspirators deliberately caused spikes in aluminum prices by hoarding stores of the metal in warehouses and shuffling ingots among them to create artificial shortages and hide their scheme.
Kodak asks for triple compensation for whatever damages it is able to prove it suffered.
The addition of a Kodak SquareSpot Thermal Imaging Head at Edwards Brothers Malloy in Ann Arbor, MI, marks Kodak's 20,000th installation of the unit. By selecting the Magnus VLF Platesetter with SquareSpot Imaging Technology, Edwards Brothers Malloy has been able to capitalize on its diversity while reducing its operational complexity. "Our business is based on agility and adaptability, and Kodak helps us keep the quality bar high, productivity streamlined and our customers happy," said Peter Shima, director of digital and prepress operations.
When it comes to variable data work, digital printers are the ones doing touchdown dances. And on the long-run end of the spectrum, offset printing still reigns supreme. But in the realm of short-run, static work, where digital and offset both frolic, there is harmony in the versatility of being able to use one production process or the other.
Commercial printing industry supplier company and personnel news from Printing Impressions’ July 2014 edition, featuring xpedx and Unisource Worldwide, EFI, eLynxx Solutions, AmeriLam Supply Group, Saint Clair Systems, Norcross Corp.
MADISON, WI—For more than a hundred years, Webcrafters has been a familiar name to book publishers, particularly in the educational and custom publishing markets—segments that were some of the first to embrace short-run production in order to reduce inventories and better manage supply chains.
For Panther Graphics in Rochester, NY, the switch to Sonora Plates and the Achieve Platesetter eliminates health concerns of constantly handling large batches of processing chemicals. "By removing all chemistry, water, equipment, energy, and waste related to the processing step with Sonora XP Process Free Plates, we have been able to slash our prep time in half and have experienced an overall throughput jump of over 30 percent," said Daryll "Tony" Jackson, president and CEO.
Webcrafters Inc. chose a second Muller Martini SigmaLine book manufacturing system for its increasing digital print production needs. The SigmaFolder II delivers book blocks at a cycle time of less than one second, which allows it to deliver individual book blocks at up to an unprecedented 4,000 copies per hour.
ST. LOUIS PARK, MN—Japs-Olson Co. has installed the first Kodak Prosper 6000C full-color inkjet press. Ideally suited for commercial print applications requiring high-ink laydowns, the Prosper 6000C press is part of a new Prosper press lineup that promises print speed and application flexibility. The Prosper 6000C press is ideal for data-driven print applications, such as direct mail and transactional printing.
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.