- A hearing for GT Advanced's (OTCPK:GTATQ +5.6%) settlement hearing with Apple has been postponed to Dec. 10 from Nov. 25, to give more time to investigate possible objections from creditors.
- Apple's settlement with bankrupt GT gives the company a $439M claim secured by 2K+ sapphire furnaces that GT plans to sell. Nonetheless, Apple has said it will "continue evaluating" GT's sapphire progress.
- In court docs unsealed earlier this month, GT accused Apple of pursuing "a classic bait-and-switch strategy" that left GT saddled with "an onerous an massively one-sided deal."
GT-Apple settlement hearing pushed back to Dec. 10
Recommended For You
Related Stocks
| Symbol | Last Price | % Chg |
|---|---|---|
| GTATQ | - | - |
| GT Advanced Technologies, Inc. | ||