U.S. Bankruptcy Judge Henry Boroff has ruled that the GT Advanced Technologies Inc (OTCMKTS:GTATQ) and Apple Inc. (NASDAQ:AAPL) keeping secrets about their failed business deal is unnecessary. The much maligned deal, which led to the surprise bankruptcy of GT Advanced, was recently settled between the two companies.
GT Advanced and Apple reach settlement
At the same time the judge ordered the majority of the deal to be unsealed, GT Advanced Technologies Inc (OTCMKTS:GTATQ) and Apple Inc. (NASDAQ:AAPL) claimed to have revised the terms so that sealing the documents becomes unnecessary. “Both parties have agreed to waive the condition that GT’s Oct. 8 declaration be kept under seal and expunged,” GT Advanced...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
