One of the worlds largest camera and film companies has officially filed for chapter 11 today, Eastman Kodak Co. filed for the motion early Thursday morning in a Los Angeles court. The company has been fighting and struggling to remain competitive against newer companies, and it's recent venture into the printer business seemed to be the final nail in the coffin for the 131 year old company.
The U.S. Government has seized the domain and popular file sharing site Megaupload.com, and its owners arrested. Kim (Dotcom) Schiltz is currently behind bars along with four others, and awaiting prosecution. Schiltz has been racking up charges of embezzlement, multiple arrests, and recently bought one of the most expensive houses in New Zealand.
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