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Tag: Levi & Korsinsky

Apple’s would-be sapphire glass supplier GT Advanced charged with fraud

Monday, May 6, 2019 11:05 am4 Comments

The Securities and Exchange Commission on May 3, 2019 charged a New Hampshire-based company…

Apple sued by glass material producer over breach of contract in ongoing sapphire debacle

Tuesday, January 23, 2018 12:00 pmTuesday, January 23, 20182 Comments

Years after a disastrous first foray into sapphire production, Apple’s troubles…

Tim Bajarin: Corning’s Gorilla Glass 5 may mark the end for sapphire screens

Wednesday, July 27, 2016 10:49 amWednesday, July 27, 20167 Comments

While sapphire is a very hard material and very scratch proof, there is one major problem…

Apple’s failed sapphire partner GT Advanced Technologies emerges from bankruptcy

Friday, March 18, 2016 4:58 pmFriday, March 18, 201613 Comments

GT Advanced Technologies Inc. today announced that it has emerged from Chapter 11 as a newly reorganized company…

Apple and GT Advanced reach new accord on $439 million loan

Tuesday, November 3, 2015 9:23 pm5 Comments

GT Advanced Technologies Inc. has reached an accord with Apple that will get it out from under $439 million in debt…

GT Advanced cuts 40% of workforce

Monday, August 31, 2015 4:56 pmMonday, August 31, 20155 Comments

GT Advanced Technologies Inc., which is trying to emerge from bankruptcy…

Apple objects to bankrupt sapphire supplier’s financing plan

Friday, July 17, 2015 4:04 pmFriday, July 17, 20155 Comments

Apple is objecting to bankrupt GT Advanced Technologies’ financing plan…

GT Advanced to pursue $95 million bankruptcy loan

Wednesday, March 18, 2015 4:35 pmWednesday, March 18, 20154 Comments

GT Advanced Technologies Inc. is lining up $95 million worth of loans…

GT Advanced wants bankruptcy judge to approve millions in executive bonuses

Wednesday, December 31, 2014 12:01 pmWednesday, December 31, 201432 Comments

GT Advanced Technologies Inc., the manufacturing company…

GT Advanced to sell its sapphire furnaces

Tuesday, December 23, 2014 4:00 pmTuesday, December 23, 20147 Comments

All previous exclusivity restrictions have been lifted and GT retains control…

GT Advanced gets court approval of revised Apple settlement

Tuesday, December 16, 2014 8:29 am2 Comments

U.S. Bankruptcy Judge Henry Boroff said at a hearing in Springfield, Massachusetts…

GT Advanced bond traders drawn to prospect of Apple lawsuits

Thursday, December 11, 2014 6:00 pmThursday, December 11, 20148 Comments

This is going to be a field day for the lawyers and accountants…

Apple shields information in GT Advanced creditor probe

Wednesday, November 26, 2014 10:57 amWednesday, November 26, 20145 Comments

Creditors of failed smartphone screen material supplier GT Advanced…

Apple, GT Advanced and the ‘boule graveyard’

Thursday, November 20, 2014 5:30 pmThursday, November 20, 201427 Comments

Mesa suffered from a 50% failure rate…

Lack of experience, mismanagement doomed GT Advanced’s sapphire adventure

Wednesday, November 19, 2014 8:27 pmWednesday, November 19, 201416 Comments

The Apple-GT marriage was troubled from the start….

GT Advanced Tech creditors chafe at settlement deal with Apple

Wednesday, November 19, 2014 3:58 pmWednesday, November 19, 201415 Comments

Creditors of GT Advanced Technologies complained in a bankruptcy court filing…

Apple will save jobs in Arizona by repurposing sapphire factory

Wednesday, November 19, 2014 1:27 pmWednesday, November 19, 20146 Comments

Apple has already found new sapphire suppliers in Asia…

Apple sticking with Arizona plan after sapphire supplier GT Advanced falters

Tuesday, November 18, 2014 10:02 pm11 Comments

Apple Inc. has told officials in Mesa, Arizona, that it’s committed…

Did Apple bully GT Advanced Technologies?

Tuesday, November 11, 2014 12:58 pmTuesday, November 11, 201425 Comments

What were the Apple execs thinking?

GT Advanced COO claims Apple used ‘bait and switch’ tactic

Friday, November 7, 2014 4:28 pmTuesday, November 11, 201426 Comments

Apple Inc. used ‘bait-and-switch’ tactics in negotiating a contract…

Court unseals GT Advanced documents: Apple says it ‘bent over backwards’ to help sapphire supplier

Friday, November 7, 2014 3:28 pmFriday, November 7, 201414 Comments

New Hampshire court on Friday published hundreds of pages of documents…

Apple suppliers shunned as GT Advanced bankruptcy sparks selloff

Friday, November 7, 2014 1:29 pmFriday, November 7, 201416 Comments

Investor confidence in Apple Inc.’s suppliers and vendors is wavering…

U.S. SEC opens investigation into Apple supplier GT Advanced

Thursday, November 6, 2014 4:57 pmThursday, November 6, 20147 Comments

The SEC is seeking information about trading activity and the company’s sapphire glass…

GT Advanced says Apple settlement will survive unsealing

Wednesday, November 5, 2014 8:32 amWednesday, November 5, 20143 Comments

GT Advanced Technologies Inc. said a bankruptcy court settlement with Apple…

Judge orders GT Advanced bankruptcy papers unsealed

Thursday, October 30, 2014 3:01 pmThursday, October 30, 201417 Comments

GT Advanced Technologies Inc. lost a bid to keep an executive’s description…

Apple and GT Advanced: What went wrong

Wednesday, October 29, 2014 6:26 pmWednesday, October 29, 20149 Comments

A story that Apple tried for three weeks to suppress is now part of the public record…

Beleaguered GT Advanced describes ‘unsustainable’ Apple relationship

Wednesday, October 29, 2014 1:58 pmWednesday, October 29, 201413 Comments

A few weeks before the bankruptcy filing, he said, executives made a detailed presentation to Apple senior management…

Beleaguered GT Advanced says it can’t afford to fight mighty Apple, must settle

Tuesday, October 28, 2014 2:28 pmWednesday, October 29, 201415 Comments

GT Advanced Technologies Inc. said it needs to settle disputes with Apple Inc. because…

Apple ponders future sapphire options, leaves door open for GT Advanced

Thursday, October 23, 2014 5:32 pmThursday, October 23, 201425 Comments

The move follows the reappointment of Rob Glaser to the position of permanent CEO…

Apple promises to help former GT Advanced employees find new jobs

Thursday, October 23, 2014 4:57 pmThursday, October 23, 20148 Comments

So much for Apple’s multiyear sapphire manufacturing alliance with GT Advanced…

GT Advanced announces settlement with Apple; to exit sapphire production

Thursday, October 23, 2014 9:57 amThursday, October 23, 20149 Comments

GT Advanced Technologies Inc. and Apple have reached a settlement agreement…

Apple and GT Advanced settlement: Ending the madness

Wednesday, October 22, 2014 5:25 pmWednesday, October 22, 201410 Comments

The best clue to the failure is that only about half of the 2,000 furnaces were operational…

GT Advanced, Apple ink deal for ‘amicable’ split-up

Tuesday, October 21, 2014 9:31 pmTuesday, October 21, 201427 Comments

GT Advanced Technologies has signed a pact with Apple Inc…

Apple, GT Advanced near settlement over secrecy

Tuesday, October 21, 2014 2:28 pmTuesday, October 21, 20142 Comments

Apple and newly bankrupt GT Advanced Technologies are nearing an agreement…

GT Advanced Technologies Inc. suspended by Nasdaq

Friday, October 17, 2014 9:28 amFriday, October 17, 201419 Comments

GT Advanced Technologies Inc. stock is going over to the pink sheets after shares plummeted…

GT Advanced confidentiality hearing with Apple delayed

Thursday, October 16, 2014 11:28 amThursday, October 16, 20147 Comments

Apple Inc. supplier GT Advanced Technologies Inc. has delayed a challenge…

GT Advanced COO sold $2 million in stock after sapphire deal with Apple began to sour

Tuesday, October 14, 2014 5:26 pmTuesday, October 14, 201421 Comments

An executive from bankrupt Apple supplier GT Advanced Technologies…

Apple wants to file secret objection to GT Advanced motion

Tuesday, October 14, 2014 3:58 pmTuesday, October 14, 201421 Comments

Apple Inc. asked a court for permission to file under seal its objections…

U.S. Trustee and state of New Hampshire: GT Advanced must reveal bankruptcy cause

Tuesday, October 14, 2014 2:02 pmTuesday, October 14, 201415 Comments

GT Advanced Technologies Inc. (GTAT) should be ordered to file a public account of why it filed for bankruptcy…

Apple’s got a mess on its hands in Mesa, Arizona

Monday, October 13, 2014 3:59 pmMonday, October 13, 201416 Comments

GT Advanced committed to the larger experimental furnaces for the Mesa plant…

GT Advanced suggests it could sue Apple

Friday, October 10, 2014 4:06 pmFriday, October 10, 201423 Comments

GT Advanced Technologies Inc said it will cut 890 jobs…

The GT Advanced debacle: Where does Apple go from here?

Friday, October 10, 2014 3:26 pm15 Comments

Apple may come into possession of the Mesa sapphire furnaces, but…

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