Receivership & administration

A buyer is being sought for family-owned printing firm Nayler Group after it went into administration in January.

Eastman Kodak employee Mark Gedek has filed suit against the company's chief executive Antonio Perez and other board members, alleging mismanagement of the company's staff investment and savings plan.

Manroland's administrator has confirmed that the break-up of the German manufacturer will begin on Wednesday (1 February) with the sale of the Augsburg web offset facility.

The Government has canned proposals to introduce a moratorium period during pre-pack administration sales.

Kodak never does anything the easy way. Last week's Chapter 11 filing - in the dead of night - was a case in point. The lack of surprise at an announcement that had been anticipated since September...

Eastman Kodak and its US subsidiaries have filed for Chapter 11 bankruptcy protection after the digital imaging and pre-press giant ran out of money to finance its stuttering transformation.

Manroland will be split up and its German workforce almost halved under plans outlined to creditors yesterday.

The future of Manroland should become clear today, when administrator Werner Schneider puts bid proposals in front of the company's creditors' committee this afternoon.

Negotiations for the sale of Manroland have entered the final stages, with a shortlist of two different bid proposals due to be presented to creditors on Wednesday (18 January).

Former Manroland owners MAN Group and Allianz have agreed to provide financial support for the thousands of staff that could be made redundant through the company's Chapter 11-style restructuring.