Apple Defends $439M GTAT Pact, Fires Back At Creditors

Law360, New York (December 12, 2014, 9:54 PM EST) -- Apple Inc. on Friday took aim at opponents of its $439 million settlement with bankrupt former partner GT Advanced Technologies Inc., hitting back at creditor criticism and championing the deal as fair for all involved.

The tech giant argued that it is providing GT's estate with real and significant value under the settlement by agreeing to waive billions of dollars of claims but that opposition from the official committee of unsecured creditors and a group of noteholders instead is based on unsupported allegations.

"The essence of their objections is the speculative and conclusory assertion that the debtors have significant claims against...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!