<p>Eastman Kodak Co. and Shutterfly Inc. have mutually agreed to drop a legal fight over who owns Kodak moments online.</p><p>Shutterfly sued Kodak in March 2013 in U.S. Bankruptcy Court, charging that Kodak's My Kodak Moments smartphone app violated a non-compete clause the two companies had in the world of online purchasing of prints and photo merchandise.</p><p>That non-compete clause was part of the $23.8 million agreement the two struck in 2012 when Shutterfly bought Kodak's Kodak Gallery online photo album business. That acquisition was part of Kodak's Chapter 11 bankruptcy, and in its lawsuit, Shutterfly said it was trying to enforce its rights in that court-approved bankruptcy sale.</p><p>"Because the Kodak Gallery business was a direct competitor of Shutterfly, a significant driver of the purchase price agreed to by Shutterfly was (Kodak's) non-compete covenant," Shutterfly said in the suit. That non-compete language bars Kodak from "essentially duplicat[ing]" its Kodak Gallery in the United States or Canada for three years, Shutterfly said.</p><p><a href="http://www.democratandchronicle.com/story/money/business/2014/04/11/kodak-shutterfly-lawsuit-ends/7592913/">Keep reading...</a></p>