• Home
  • Apple
  • News
  • GT Advanced Technologies Requests Bankruptcy Court to Seal Confidential Documents

GT Advanced Technologies Requests Bankruptcy Court to Seal Confidential Documents

GT Advanced Technologies Requests Bankruptcy Court to Seal Confidential Documents

As GT Advanced Technologies navigates through the Chapter 11 bankruptcy process, it is hoping to keep the whole process as private as possible, asking the court to give it a private hearing, along with keeping confidential documents sealed.

GT Advanced Technologies

AppleInsider:

The requests made by GT Advanced Technologies to a New Hampshire bankruptcy court were revealed on Thursday by Reuters. Specifically, the company requested that key documents related to an unnamed third-party be kept secret.

While it’s reasonable to assume that third-party is Apple, GT Advanced said if the documents were to be made public, it may be liable for damages due to existing confidentiality agreements.

GT Advanced also made a request that the hearing be “in camera,” meaning the hearing would not be open to the public.

At this point in time, little is known for the reasons behind GT’s Chapter 11 bankruptcy filing, as even manufacturing partner Apple issued a public statement this week to say GT’s filing was “surprising.”

Apple partnered with GT Advanced Technologies a year ago, announcing a $578 million prepayment to GT for a supply of sapphire glass material. Apple currently uses the über-hard material to protect the camera lens and Touch ID sensor on it’s iPhone 5s/6/6 Plus handsets. Apple will also soon use the material to protect the screens of many models of its upcoming Apple Watch.

Following GT’s bankruptcy filing, reports have indicated Apple had withheld a final $139 million payment due to GT Advanced, perhaps because the company was unable to supply sufficient amounts of quality sapphire glass. It has also been reported that Apple had attempted to help GT Advanced to qualify for the final payment, but despite the Cupertino firm’s efforts, GT failed to meet the goals stipulated in the loan agreement.

The first hearing of GT Advanced’s Chapter 11 bankruptcy was scheduled for Thursday at 10AM Eastern time.

  1. 926853 871760 Spot on with this write-up, I truly believe this internet site needs considerably much more consideration. Ill probably be once more to read considerably more, thanks for that information. 454578

  2. 496244 269827hello!,I like your writing very so much! 72592

  3. 908573 827853This is the suitable weblog for anybody who needs to seek out out about this subject. You notice so much its virtually laborious to argue with you (not that I truly would wantHaHa). You undoubtedly put a brand new spin on a subject thats been written about for years. Excellent stuff, just wonderful! 657933

  4. 927035 607790I cant say that I completely agree, but then again Ive never truly thought of it quite like that before. Thanks for giving me something to consider when Im supposed to have an empty mind even though trying to fall asleep tonight lol.. 829170

  5. 685873 14751Spot up for this write-up, I actually feel this excellent site requirements a good deal more consideration. Ill a lot more likely be once again to read considerably much more, thank you that data. 287013

Leave a Reply

Your email address will not be published.