Wednesday , 26 November 2014
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Squllier’s Declaration Sheds Light On GTAT’s Bankruptcy Details

GTAT

I’ve listed below are some notable findings from one of today’s GTATQ bankruptcy court filings in its dealings with Apple (AAPL) and the manufacturing of sapphire for Apple. The information below was pulled directly from the court documents and sheds some light on what went wrong and led to GT’s chapter 11 bankruptcy filing. Per Bankruptcy Court Filing Apple, however, has the right, without ... Read More »

Apple And GTAT Part Ways. Cause Of Bankruptcy Remains Shrouded In Secrecy

GTAT

Apple and GT Advanced Technologies struck an agreement that will result in the destruction and sealing of documents that explain what led to GTAT’s bankruptcy. Complete details of the arrangement are not yet available, but they should be filed on Friday. The deal may not end the relationship, since the two companies parted on “amicable terms.” The Mesa, AZ sapphire ... Read More »

Latest BK Filing Indicates That GTAT And Apple Are On The Cusp Of A “Global Settlement”

GTAT

The parties are on the cusp of a consensual global settlement and the further extension is necessary to allow the parties to continue to discuss certain issues related to the Supplemental Squiller Declaration, the Apple Agreements, and the Apple Objection. Also, the parties do not expect that they will require another extension. GTAT submits that granting such relief is in ... Read More »