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  • Judge Orders Apple and GTAT to Unseal Secret Documents as Part of Bankruptcy Settlement


    In a recent ruling, the federal court judge handling bankruptcy proceedings for sapphire maker GT Advanced Technologies ordered to unseal all of the sensitive documents detailing the company’s compromised partnership with Apple. US Bankruptcy Court Judge Henry J. Boroff found several disclosures provided by GTAT to fall outside the scope reason that would protect them from being made public. This basically nullified Apple’s stance on keeping the agreements confidential.

    GTAT said the following regarding the matter in a statement that it published on its website:

    GT Advanced Technologies Inc. today announced that it has signed an amendment to the Settlement Agreement with Apple under which both parties have agreed to waive the condition that GT's October 8th declaration be kept under seal and expunged.
    Of the multiple documents which are set to be unsealed is a statement from GTAT that outlined the details of the firm’s agreement to supply Apple with sapphire material for use in “future products.” It wasn’t made very clear what these products stood for though the currently sealed papers could potentially provide more insight on Apple’s former sapphire roadmap. It should be noted that although the Judge ordered to unseal several secret documents, he also ruled in favor of keeping certain parts of the documents out of the public eye.

    We’ll have to wait and see what comes of the GTAT and Apple situation going forward by being patient.

    Source: GT Advanced Technologies (Investor) via AppleInsider
    This article was originally published in forum thread: Judge Orders Apple and GTAT to Unseal Secret Documents as Part of Bankruptcy Settlement started by Akshay Masand View original post