GT Advanced Judge’s Ruling Threatens to Sour Apple Accord
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GT Advanced Technologies Inc. lost a bid to keep an executive’s description of the circumstances surrounding its bankruptcy secret, putting a settlement with Apple Inc. in danger.
The company and Apple, with which it had an agreement to supply the synthetic sapphire used in screens of mobile devices, had asked to keep the executive’s statement under wraps. U.S. Bankruptcy Judge Henry Boroff today said he intended to unseal it, while letting some pricing information remain confidential.