Why did Polaroid go out of business?

Polaroid sued Kodak for patent infringement in 1988. Two years later, the company won the case and Kodak was ordered to pay $909 million. But this wasn’t enough to keep Polaroid afloat. The company declared bankruptcy in 2001. Over the next seven years, Polaroid changed multiple owners.

When did Polaroid go bankrupt?

The original Polaroid Corporation filed for federal Chapter 11 bankruptcy protection on October 11, 2001. The outcome was that within ten months, most of the business (including the "Polaroid" name itself and non-bankrupt foreign subsidiaries) had been sold to Bank One 's One Equity Partners (OEP).

What happened to Polaroid's stock?

Instant film maker seeks court protection and will trim staff and sell assets. NEW YORK (CNNmoney) - Polaroid Corp. filed for voluntary Chapter 11 bankruptcy protection in Delaware Friday, capping three days of speculation in which the instant photography company's stock had not traded.