“Creditors of failed smartphone screen material supplier GT Advanced Technologies will get a peek at Apple Inc. ’s secrets under a protective court order signed Tuesday,” Peg Brickley reports for The Wall Street Journal.
“Apple is handing over documents and submitting to questions in advance of a planned December court review of a proposed settlement with GT, which would clear Apple of allegations it is to blame for GT’s bankruptcy,” Brickley reports. “The information exchange is under wraps, but anything creditors seize on as grounds to challenge Apple’s deal with GT will have to meet strict standards to justify the secrecy, Judge Henry Boroff warned the companies at a hearing Tuesday in the U.S. Bankruptcy Court in New Hampshire.”
“Earlier this month, the judge ordered documents detailing the saga unsealed, after Dow Jones & Co., which publishes The Wall Street Journal, challenged the confidentiality designations,” Brickley reports. “On Tuesday, the judge endorsed an agreement allowing Apple to hand over data to creditors’ lawyers in private but leaves open the question of whether a stamp of ‘confidential’ on a document will stand up if the information comes into play in court.”
Read more in the full article here.
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