The Daily Docket: GT Advanced Bankruptcy Triggered by Payment Disput...

Apple Inc. sapphire partner GT Advanced Technologies Inc. filed for bankruptcy following a payment dispute, which was said to be the final straw for the company, The Wall Street Journal reports.

Trump Entertainment Resorts Inc. Monday failed to persuade a bankruptcy judge to sign off on an agreement with Carl Icahn that would have allowed the beleaguered gambling company to use its scarce cash as it attempts to survive in Chapter 11, Daily Bankruptcy Review reports via WSJ.

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Florida-based real-estate developer Glenn Straub has filed court papers objecting to the results of last week’s auction of Atlantic City, N.J.’s Revel Casino Hotel, and is requesting a “new, open and transparent” auction directed by an independent trustee. Read the DBR article in WSJ.

Detroit’s mayor told lawyers and a judge that he and other city leaders are committed to helping the city after it leaves bankruptcy but that there are still risks, the Detroit Free Press reports.

Brazilian businessman Eike Batista will face a trial next month on charges he defrauded investors in his now-bankrupt oil company, WSJ reports.

According to WSJ, former Treasury Secretary Hank Paulson defends the country’s actions in bailing out American International Group Inc. Monday.

Barney Frank writes a letter to the editor in the New York Times about how an article from last month on the Lehman Brothers bailout doesn’t mention British regulators vetoing Barclays ’ plan to absorb Lehman.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.