October 27, 2015
Creditor PC Connection Sales Corp. urged a New Hampshire bankruptcy judge Monday to deny former Apple Inc. screen-manufacturing partner GT Advanced Technologies Inc.'s bid to extend the period in which it can file a reorganization plan, saying an extension would likely cost the estate $15 million.
October 01, 2015
A New Hampshire bankruptcy judge on Wednesday denied GT Advanced Technologies' bid to set aside bonuses for the company's chief and other top executives, saying the extra compensation would be for work they should already be doing as they guide the manufacturer through Chapter 11.
July 27, 2015
Former Apple Inc. screen-manufacturing partner GT Advanced Technologies Inc. has won permission for a $95 million debtor-in-possession loan supplied by bondholders to keep it going as it continues to work through its bankruptcy.
July 09, 2015
Employees of former Apple Inc. screen-manufacturing partner GTAT Advanced Technologies Inc., whose soured relationship with the tech giant drove it into bankruptcy, should not receive severance payments of as much as $180,000, the U.S. trustee in the case said Thursday.
March 31, 2015
A unit of sapphire maker GT Advanced Technologies Inc. requested a New Hampshire bankruptcy court's blessing Tuesday for a $45 million sale of sapphire furnaces and the maintenance of an IP licensing deal, which would hand off furnaces originally intended to make screens for Apple Inc. phones to an unknown Chinese buyer.
March 16, 2015
A group of GT Advanced Technologies Inc. bondholders that initially lost out on funding the company's restructuring has convinced it to accept a sweetened $95 million financing offer over a rival lending package from TPG Capital, according to court records filed Saturday.
March 03, 2015
GT Advanced Technologies Inc. asked a New Hampshire judge Monday for approval of a $100 million debtor-in-possession loan after reporting that the financing would be enough to buoy the company through the Chapter 11 process as it continues to regain its footing following a costly fallout with Apple Inc.
February 11, 2015
A New Hampshire bankruptcy judge on Wednesday rejected a redoubled effort by GT Advanced Technologies Inc. and its unsecured creditors' committee to push through employee bonuses in hopes of retaining top executives, saying the company failed to explain why he should reconsider his earlier decision.
December 15, 2014
The judge presiding over GT Advanced Technologies Inc.'s bankruptcy case approved a modified $439 million settlement with Apple Inc. of the dueling commercial tort claims surrounding the failed sapphire production partnership that drove GT into Chapter 11.
December 12, 2014
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.