GTAT Trustee Sues Ex-CEO Over Ruinous Apple Deal

Law360, New York (April 19, 2017, 8:58 PM EDT) -- The litigation trustee for the former GT Advanced Technologies Inc. sued two former leaders of the materials supplier on Wednesday in connection with a massive screen-making deal with Apple that allegedly bankrupted GTAT.

Eugene Davis, the trustee in charge of litigation fallout from GTAT's bankruptcy, sued former CEO Thomas Gutierrez and former Chief Operating Officer Daniel Squiller over their roles in committing the company to an extremely demanding Apple contract — and their subsequent alleged cashout when GTAT's stock bounced on news of the deal....
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Davis v. Gutierrez et al


Case Number

1:17-cv-00147

Court

New Hampshire

Nature of Suit

380(Personal Property: Other)

Date Filed

April 19, 2017

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.