Kodak plans to appeal.
The Rochester, New York-based company filed for Chapter 11 protection from creditors on January 19, and Friday's decision could make it harder to sell more than 1,100 digital imaging patents, roughly one-tenth of its patent portfolio, to help repay creditors as it shifts its business focus toward printing.
Kodak has said it expects to hold the auction for those patents early next month.
Shares of Kodak were trading down 14 percent at 22 cents on Monday on the Pink Sheets.
The case is Apple Inc. v. ITC, U.S. Federal Circuit Court of Appeals, No. 2011-1592. Kodak's bankruptcy case is In re: Eastman Kodak Co et al, U.S. Bankruptcy Court, Southern District of New York, No. 12-10202.
(Reporting By Diane Bartz; Editing by Bernard Orr)
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