GT Advanced Technologies Inc (OTCMKTS:GTATQ) investors could take a sigh of relief after the bankruptcy court approved a settlement adding at least $50 million to the previous settlement deal. The sapphire maker is decoupled from the iPhone maker, Apple Inc. (NASDAQ:AAPL), through this settlement and the company would retrace its business back to sapphire production.…
GT Advanced Technologies Inc (GTATQ)’s Bonds Might Soar Amid Favorable Decision Tendencies
What might sound like a good news for GT Advanced Technologies Inc (OTCMKTS:GTATQ) bondholders with rising investment value could be a complete disaster for the company as bond holders are enticed to withdraw investments upon prospects of gain. A favorable decision for the sapphire-maker in a case against Apple Inc. (NASDAQ:AAPL) is likely to trigger…
Noteholders To Probe GT Advanced Technologies Inc (GTATQ) & Apple Inc (AAPL) Settlement
Noteholders of GT Advanced Technologies Inc (OTCMKTS:GTATQ) are questioning the furnace maker’s settlement deal with Apple Inc (AAPL), noting the possibility that the iPhone maker might have been given leeway to go off easily. In a report by Reuters, some of the noteholders argued that the allegations against Apple make it necessary for an investigation…
Apple Inc. (AAPL) Blamed by GT Advanced Technologies Inc (GTATQ) for being a Bully
GT Advanced Technologies Inc (OTCMKTS:GTATQ) threw the blame on Apple Inc. (NASDAQ:AAPL) for forcing the sapphire maker to agree to a “one-sided” deal that favored the iPhone maker and pushed the sapphire maker to bankruptcy. In a sealed court documents that has been ordered to be made public by U.S. Bankruptcy Judge Henry Borrof, GT…
GT Advanced Technologies Inc (GTATQ) Accused Apple Inc. (AAPL) Of One-Sided Deal
In one of the latest revelations made by GT Advanced Technologies Inc (OTCMKTS:GTATQ) in its chapter 11 bankruptcy, the sapphire maker accused Apple Inc. (NASDAQ:AAPL) of working under “bait-and-switch” scheme. The iPhone maker has called these accusations “scandalous” as well as “defamatory.” According to the chief operating officer, Daniel Squiller, of the furnace maker, the…
GT Advanced Technologies Inc (GTATQ) Not In A Position To Seek Legal Dispute Against Apple Inc. (AAPL)
After filing for a surprise chapter 11 bankruptcy, GT Advanced Technologies Inc (OTCMKTS:GTATQ) said in a court filing that the company would try to avert any legal battle with Apple Inc. (NASDAQ:AAPL) considering the huge legal cost and resultant fine over the sapphire maker. The sapphire maker mentioned the damages of up to $1 billion…