“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.
Related articles:
Judge orders GT Advanced bankruptcy papers unsealed – October 30, 2014
Apple and GT Advanced: What went wrong – October 29, 2014
Beleaguered GT Advanced describes ‘unsustainable’ Apple relationship – October 29, 2014
Beleaguered GT Advanced says it can’t afford to fight mighty Apple, must settle – October 28, 2014
Apple ponders future sapphire options, leaves door open for GT Advanced – October 23, 2014
Apple considering other options for Arizona sapphire facility, helping former GT Advanced employees find new jobs – October 23, 2014
GT Advanced announces settlement with Apple; to exit sapphire production – October 23, 2014
Apple and GT Advanced settlement: Ending the madness – October 22, 2014
GT Advanced, Apple ink deal for ‘amicable’ split-up – October 21, 2014
GT Advanced Technologies Inc. suspended by Nasdaq – October 17, 2014
GT Advanced confidentiality hearing with Apple delayed – October 16, 2014
GT Advanced bankruptcy judge challenges Apple’s penchant for secrecy – October 15, 2014
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
Everyone seems so preoccupied in finding out what Apple is doing and insist on knowing every one of Apple’s trade secrets.
the so-called judiciary is always more than willing to pile on.
“, saying such secrecy was unnecessary”
And to make them public is absolutely necessary?