Things are hardly picture-perfect over at Eastman Kodak Co. The photographic equipment company has selected a new law firm to handle its restructuring as part of its ongoing struggle to avoid bankruptcy.
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This is no Kodak moment. The 131-year-old camera company has not been profitable since 2007 and is in talks with potential bidders for its patent portfolio, which could rake in about $3 billion, according to an estimate by MDB Capital Group.