GT Advanced says Apple settlement will survive unsealing

“GT Advanced Technologies Inc. said a bankruptcy court settlement with Apple Inc. will survive a judge’s order that documents describing the companies’ relationship must be made public,” Dawn McCarty reports for Bloomberg.

“U.S. Bankruptcy Judge Henry Boroff put the deal in peril last week, saying such secrecy was unnecessary, and yesterday ordered the statement and other materials unsealed. At the same time, Apple and GT Advanced said they had revised the terms of their settlement to make sealing unnecessary,” McCarty reports. “‘Both parties have agreed to waive the condition that GT’s Oct. 8 declaration be kept under seal and expunged,’ GT Advanced said in a statement yesterday.”

McCarty reports, “Boroff said the documents must be unsealed by Nov. 7, with the exception of two that he found contained ‘confidential commercial information.'”

Read more in the full article here.

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