“After keeping nearly a dozen lawyers in expensive suits cooling their heels for an hour outside his Springfield, Mass., courtroom, Judge Henry Boroff moved briskly to the heart of what mattered to Apple: 13 provisions in its contract with GT Advanced Technologies — provisions that GT claims are so ‘oppressive and burdensome’ that they sent the company into bankruptcy,” Philip Elmer-DeWitt reports for Fortune.
“Apple insists that the terms of the contract are too sensitive to be released to the public, and it wants them kept under seal,” P.E.D. reports. “Judge Boroff might have been more receptive to that argument if he hadn’t read the documents in question.”
“He told Apple’s attorneys Wednesday that he was “having some trouble” finding any trade secrets or commercial interests in them that would justify a blanket seal,” P.E.D. reports. “Judge Boroff gave Apple until Monday to list — by page and line — the sections that could hurt the company. ‘I want to give Apple the protection it deserves,’ he said, ‘but not more than it deserves.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]
Related articles:
Apple, GT Advanced in secret session with bankruptcy judge – October 9, 2014
Apple supplier GT Advanced: Confidentiality pact rules out bankruptcy explanation – October 9, 2014
Apple ‘surprised’ by GT Advanced’s bankruptcy filing – October 8, 2014
Shattered sapphire dreams at GT Advanced – October 8, 2014
Apple’s withholding of $139 million payment led to GT Advanced bankruptcy filing – October 7, 2014
GT Advanced CEO sold 9,000 shares the day before Apple’s iPhone 6/Plus event – October 7, 2014
Law firms launch investigations into possible violations of federal securities laws by GT Advanced – October 7, 2014
Analyst: Apple may take possession of sapphire furnaces from GT Advanced – October 7, 2014
Apple to provide debtor in possession financing to GT Advanced? – October 7, 2014
Investors stunned over GT Advanced bankruptcy filing – October 7, 2014
GT Advanced files for chapter 11 bankruptcy court protection – October 6, 2014
Apple and GT Advanced rampup sapphire production in Mesa – August 11, 2014
GT Advanced expects sales of sapphire production tools to boost profit; shares surge – August 5, 2014
Apple and GT Advanced open second sapphire plant in Salem, Massachusetts – June 19, 2014
Apple patents method for embedding sapphire displays in LiquidMetal device chassis – May 27, 2014