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...
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